A close to billion XRP has been moved by Ripple and anonymous whales to exchanges
Whale Alert cryptocurrency tracker tweeted that a significant amount of XRP has been moved in the past 24 hours. One of the biggest lumps of this token was transferred by Ripple Labs – the company affiliated with XRP.
810 million XRP on the move, Ripple takes active part
Whale Alert published around a dozen tweets showing that Ripple and whales have been moving astounding chunks of XRP – starting at 30-40 million XRP and ending at 307 million.
A whale moved 173,549,000 from Binance wallet to Bittrex. 306,938,016 XRP were transferred from one unknown wallet to another.
Ripple sent 100,000,000 XRP to its reserve wallet RL18-VN in order to send it to an outside wallet belonging to Ripple later on.
This address is commonly used to move XRP beyond the company – to send it to exchanges, crypto custodians, such as BitGo, or to transfer it to Ripple’s customers, ie financial institutions or ODL corridors operated around the world. For.
The total worth of the transferred XRP tokens is equal to $300,193,759 at the current exchange rate.
XRP starts to recover after a series of major declines
XRP, the seventh largest digital currency, has started to move higher after earlier falling by around 35 percent and then by 6.88 percent earlier this week.
By now, the price has shown a mild increase by around 2 percent, and XRP is changing hands at $0.37 on the Bitstamp exchange.
The recent price drop was caused by an overall shock to the crypto market as the FTX exchange and its Alameda Research trading firm started having severe liquidity problems.
On Friday, FTX founder Sam Bankman-Fried announced that he had filed for FTX and Alameda bankruptcy and today the exchange was hacks with mind-blowing amounts of crypto withdrawn from it, including XRP.
