Several transactions moving large amounts of XRP have been detected

According to Whale Alert, four crypto transfers were carrying large amounts of Ripple’s XRP tokens. The total amount of XRP has been converted into nearly 220 million XRP.

218M XRP wired by anon wallets, and these two exchanges

The four transactions totaled 60,000,000 and 36 million tokens worth $71,073,810 at the current exchange rate of $0.3264. While the crypto market is bleeding, XRP is up over 3.5% today. However, the coin has lost nearly 19% in value in the past week.

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The Whale Alert shows that XRP has been moved between addresses tagged as “unknown” and crypto exchanges Bitso and Bitstamp. Both provide their platforms for Ripple’s ODL service that uses XRP for fast and low-cost cross-border payments and remittances.

However, data provided by the analytics website Bithomp shows that the “unknown wallet” belongs to the Bittrex and BitGo exchanges. In addition, the Bitso exchange, based in Mexico, moved 60,000,000 XRP between its wallets.

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