Bithumb transferred more than 188M XRP to the unknown wallet in January

By Emma 01/22/20 2:26 PM

The Whale Alert account has reported on a 45M XRP ($ 10.7 million) transaction from Bithumb to an unknown wallet. Some users in the cryptocurrency community think that someone is accumulating XRP.

? 45,000,000 #XRP (10,737,513 USD) transferred from #Bithumb to unknown wallet

Tx: https://t.co/F2phPNZYmj

— Whale Alert (@whale_alert) January 22, 2020

More than 188M XRP transferred from Bithumb in January

The XRPL Monitor account reported on December 30 that 64M XRP was transferred from Bithumb to the same unknown wallet.

Transaction Type: Payment
Amount: 64,000,000 XRP
Fee: 10 drops (0.00001 XRP)
Sender: bithumb
Sender Balance: 525,350,489.413562
Receiver: rMa2gKSPbDHanFefkaFabY9Ytk1U4a6hpZ
Receiver Balance: 64,000,024.99999
Link: https://t.co/g8wQ2m9gOk

— XRPL Monitor (@XRPL_Monitor) December 30, 2019

Furthermore, data from Bithomp indicated that as of January 10, at least 128M has been sent from Bithumb to this unknown wallet in major transactions (plus 64M mentioned above). There are also a lot of smaller transactions transferred every day.

The short-term XRP price outlook seems to be very positive. After rising from a low of $ 0.17 to a recent high of $ 0.26, the community looks excited and seems to be expecting higher XRP prices this year. The first goal is to regain the psychological level of $ 0.3.