Ripple and anonymous wallets have shifted over 600 billion XRP within less than 24 hours
There have been several large XRP transfers, bringing in 609.5 billion tokens. Two of them transferred 460 billion XRP. This is happening while the XRP price shows a 16% drop in the past week. At the time of writing, Ripple’s native token is changing hands at $0.63756.
XRP/USD 4-hour chart | Source: TradingView
610M XRP moved by Ripple and anon addresses, and Ripple receives 150M tokens
The two largest transactions were worth 310,669,160 and 150,000,000 XRP, worth $200,612,543 and $96,714,743 respectively. Ripple has moved 70,000,000 XRP to one of its secondary wallets — RL18-VN, which indicates that the blockchain company plans to move this money outside the company. It is always used to send XRP to customers or cryptocurrency exchanges.
150,000,000 XRP was also transferred to Ripple using an unknown wallet. According to data shared by XRP-focused data service, Bithomp, this is an internal transfer of the San Francisco-based company led by Brad Garlinghouse.
Another transaction made by Ripple here was the transfer of 40,000,000 XRP to the Mexico-based Bitso exchange. It is the largest trading platform in Latin America and a crypto unicorn. Besides, since 2019, it has been operating as one of Ripple’s ODL corridors. Bitso also transferred 38,900,000 XRP internally.
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