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Ripple and Anonymous Whale move a staggering amount of XRP in 24 hours.
Whale Alert, a virtual currency whale tracking service, Large amount of XRP by Ripple Whale Over the past 24 hours. These types of transactions have become routine as they typically occur on a daily basis. The latest round of XRP transfers was sent between Bitso and Bitstamp, two popular centralized cryptocurrency exchanges.
In the last 24 hours, a total of 340.804615 XRP, worth approximately $152.97 million, was shuffled by unknown whales. Ripple also participated in the latest round of XRP transfers.
Ripple transferred a total of 100 million XRP to an unknown wallet about eight hours ago, according to blockchain data shared by Whale Alert. The fund was valued at approximately $45,474,634 ($45.47 million) at the time of the transaction.
100,000,000 #XRP (45,474,634 USD) Transfer from Ripple to unknown wallethttps://t.co/98a2cCbwOp
Whale Alert (@whale_alert) October 24, 2022
It’s worth noting that all large Ripple XRP transfers are typically associated with the company’s On-Demand Liquidity service. This solution uses his XRP as a bridge currency for cross-border payments. Recently, Demand for services soars Financial institutions are leveraging our solutions for their payment needs.
Other Large XRP Transfers
Besides the 100 million XRP transferred by Ripple, other whales have also moved large amounts of cryptocurrency in the last 24 hours.
An anonymous whale has deposited 25 million XRP on the Bitstamp cryptocurrency exchange, one of Ripple’s ODL partners. At the time of the transaction, the fund was valued at $11.4 million.
25,000,000 #XRP (11,406,269 USD) was sent from an unknown wallet #bitstamphttps://t.co/VJorM4OSf4
Whale Alert (@whale_alert) October 24, 2022
In a similar development, another unknown Ripple whale sent 25 million XRP ($11.38 million) to Bitstamp addresses.
25,000,000 #XRP (11,381,691 USD) was sent from an unknown wallet #bitstamphttps://t.co/d5Nq7V2OCq
Whale Alert (@whale_alert) October 24, 2022
A total of 60 million XRP worth approximately $27.4 million forwarded From unknown whale to Bitstamp.
Bitstamp is again involved in another huge XRP transfer. This time, 56,604,615 XRP coins worth $25.85 million were transferred from a Luxembourg cryptocurrency exchange to an unknown wallet.
56,604,615 #XRP Transfer from (25,851,625 USD) #bitstamp to unknown wallethttps://t.co/SHdIOhz6jI
Whale Alert (@whale_alert) October 25, 2022
Another Ripple ODL partner, Bitso exchange, was also involved in the latest XRP transfer round. According to Whale Alert, 49.2 million XRP ($22.46 million) forwarded From an exchange to an unknown address.
In less than an hour, 25 million XRP ($11.23 million) was moved from an unknown wallet to Bitstamp.
25,000,000 #XRP (11,232,287 USD) was sent from an unknown wallet #bitstamphttps://t.co/5PfT4NWtX3
Whale Alert (@whale_alert) October 25, 2022
XRP is currently trading at $0.4471, down 1.89% over a 24-hour period and down 3.24% from yesterday.
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