Ripple and some large crypto exchanges have shifted over 147 million XRP at $1.09, what’s next?
Several most significant XRP transactions were performed in the past day. Up to now, there have been 147,027,952 XRP circulating in the market with the participation of Ripple Labs and some other major exchanges such as Bybit, Binance,… What are the whales trying to do?
Source: Whale Alert
$161 million worth of XRP transferred in the market, Ripple also joined
There were five significant XRP transactions, ranging from 15 million XRP to over 52 million XRP, with Ripple, several digital exchanges, and custodial platform BitGo. The most recent and most significant transaction, 52,027,952 XRP, worth $57,507,998, was moved between two anonymous wallets in the market. Reportedly, this is a transfer from the Bybit exchange to Binance.
Source: Whale Alert
The next significant transaction was 40 million XRP, transferred from an anonymous wallet to the Binance exchange. Most likely, this is a sale of whales.
Source: Whale Alert
Ripple also contributed two transactions of 15 million and 25 million tokens to the address RL18-VN. This is an alternate address commonly used to send XRP to major crypto partners, customers, and exchanges for sale or to support Ripple’s native token liquidity.
In recent days, there have been many XRP transactions circulating in the market, as AZCoin News reported. It is not clear what the purpose of these transactions is because right now, the XRP price has not made a big break, still trading in a narrow range of $1.07 – $1.09 for over a week.
Read more:
- Ripple Filed Motion To Identify How The Howey Test Applies To Transactions In XRP Over Last 8 Years
- XRP Price Is Primed To Resume Its Uptrend, Network Activity Soars