Ripple, anonymous wallet and a major exchange shovel a close to half a billion XRP

According to several reports, over the past 24 hours, Ripple has transferred 200 million XRP after unlocking a billion of them the day before. Besides, a transaction of similar size was made between anonymous crypto wallets.

425 million XRP transferred by major crypto players

Ripple locked 800 million tokens back in escrow after releasing a whopping one billion coins from it on the first day of 2022. The company moved the remaining 200 million tokens into one of its wallets to then put These funds are for internal use. This is equivalent to $168,530,030 in fiat currency.


Source: Whale Alert

Elsewhere, an anonymous crypto whale sent 225,329,020 XRP, or $190,900,260, to another crypto wallet with its unregistered owner.


Source: Whale Alert

The third transaction reported by Twitter handle Whale Alert is Bitstamp transferring 20,154,126 XRP to the BitGo monitoring service. The latter is used by many financial institutions to store their cryptocurrencies, and last year it was led by Galaxy Digital by Mike Novogratz – an early Bitcoin and Ethereum investor and a fund expert. speculative.

At the time of this writing, XRP is struggling in the $0.8 range. The SEC-initiated lawsuit against Ripple at the end of December 2021 is likely to be settled in 2022, according to attorney Jeremy Hogan, who actively tracks the development of Ripple. case. By his best estimates, the case will close in April of this year.

The XRP community believes that the SEC lawsuit against Ripple is the only factor that is limiting the price of the coin, so they expect that XRP will skyrocket as the “legal battle” between the crypto giant and the US regulator ends.

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