Suspicious activity with XRP first spotted on Friday, July 15, continues to this day. As reported by WhaleAlerts, 60 million XRP worth $21.86 million were sent from Ripple’s address to an unknown wallet.
XRP Worth Millions of Dollars Continue to Flow into Exchanges and Wallets
Three hours later, the same amount of XRP was sent from an unknown wallet to Bitso, a global crypto exchange based in Mexico. But that was not all, as, within an hour, 59.9 million XRP had already been withdrawn from one Bitso address to another or to the same address it originally came from.
🚨 🚨 60,000,000 #XRP (21,864,604 USD) transferred from Ripple to unknown wallethttps://t.co/uheiGcgdP8
— Whale Alert (@whale_alert) July 20, 2022
It is also important to note that all the addresses involved in the turnover are holders of multi-million dollar amounts of XRP. Is the XRP community about to be surprised by a major announcement? The anomaly-filled days for XRP began last Friday when the token’s trading turnover increased 12 times in two hours. Then, with the start of the new week, suspicious activity was spotted again, with XRP being moved on multimillion-dollar transactions from wallets to exchanges and back in short periods. This trend is still in play today.
As previously reported, recent events do not directly affect the price of XRP. The token continues to be quoted near the top of the price corridor, where it is hitting a strong resistance level of $0.375. However, while there is no direct impact, indirectly, these transactions could signal possible future price perturbations. Perhaps XRPL or Ripple are preparing some big announcements or updates, or maybe it is just shifting tokens from one pocket to another.
Read more:
- XRP Worth $40 Million Gets Turned Over On Bitstamp In Matter Of Minutes
- SEC Attempted To Block XRP Holders From Aiding In Ripple’s Defense