Whale Alert, a well-known tool that keeps tabs on significant cryptocurrency transfers and disseminates information about them on the X/Twitter social media network, has released data that highlights a significant shift in XRP that was seen over the previous day.
A significant cryptocurrency exchange received over twenty million dollars’ worth of XRP as a result of this enormous transfer.
In the meantime, during the last day, there has been a noticeable increase in the price of XRP.
Millions of XRP on their way to Bitstamp
A total of 27,700,000 XRP were moved by an unidentified wallet owner, according to a tweet from the previously stated source. When the transfer was completed over 17 hours ago, the value of this Ripple-affiliated cryptocurrency was estimated to be $17,264,639 in value.
The transaction was made to Bitstamp, however the Bithomp XRP Ledger explorer suggests that Ripple Labs, a blockchain decacorn, was actually the one who started it. This is because the sender wallet is associated with them. As a result, Ripple sold XRP for $17.2 million. Meanwhile, the price of XRP saw a noteworthy 4.81% increase over the last 24 hours, which was followed by a little fall early today. XRP is trading at $0.63244 per coin on the Bitstamp cryptocurrency platform as of this writing.
https://x.com/whale_alert/status/1741922083674677397?s=20
Ripple releases billion XRP and locks part of it back
A total of 27,700,000 XRP were moved by an unidentified wallet owner, according to a tweet from the previously stated source. When the transfer was completed over 17 hours ago, the value of this Ripple-affiliated cryptocurrency was estimated to be $17,264,639 in value.
The transaction was made to Bitstamp, however the Bithomp XRP Ledger explorer suggests that Ripple Labs, a blockchain decacorn, was actually the one who started it. This is because the sender wallet is associated with them. As a result, Ripple sold XRP for $17.2 million. Meanwhile, the price of XRP saw a noteworthy 4.81% increase over the last 24 hours, which was followed by a little fall early today. XRP is trading at $0.63244 per coin on the Bitstamp cryptocurrency platform as of this writing.
This time, on January 1, Ripple unlocked a staggering one billion XRP in three payments valued at $305,711,372, $244,569,098 and $61,142,274 in fiat. The transfers carried 500 million, 400 million, and 100 million XRP apiece.
A whopping 500 million XRP and 300 million XRP were put back into escrow on the same day and kept there till the next time.
