Several massive XRP transactions have been spotted, carrying over half a billion USD in total
whale alert The crypto tracker has detected six large transactions, carrying Ripple-affiliated XRP tokens, over the past two days. One of them was stunning as it moved 270 million tokens in a single block.
Nearly half of the total amount was withdrawn from the Bitstamp exchange, according to data shared by Whale Alert in the tweets.
574 million XRP transfers spotted
According to the aforementioned community-popular crypto tracking service, a total of 573.7 million XRP tokens were processed, a sum that represents $178,004,318 in fiat.
A total of 269,850,200 XRP was moved in a single transfer worth $88,195,018 between two anonymous wallets.
The rest of the sum was divided into chunks containing 90 million to 40 million XRP. Between these largest and smallest amounts were also pieces carrying 60,000,000 and 70,000,000 tokens.
Bitstamp moves XRP to BitGo
Whale Alert tagged wallets where the crypto sent was labeled “unknown.” However, the XRP-focused Bithomp website revealed that 244 million XRP were shifted to the custodial service BitGo.
This platform, which was acquired by Galaxy Digital from Mike Novogratz last year, counts Ripple Labs among its customers, where Ripple holds part of their XRP reserve.
