Over 395 Million XRP Was Transferred By Whales Between Exchanges Following The XRP Rallying

Per Whale Alert, XRP Whales have been moving a massive amount of XRP lately following its recent rally.

Over the 24 hours, Whale Alert noted that the high net worth XRP investors have moved a combined 395,223,746 (395.2million) XRP worth $197.61 million, having the largest transfer to be 132 million XRP, valued at around $61.93 million at the time of the transaction, were sent from one unknown wallet to another in the past 24 hours.

Read Also: A Prominent YouTuber, Ben Amstrong Pinpoints That XRP Rallying May Be A Clear Indication That SEC Will Give Up Trying To Prove XRP Is A Security

Details Of The XRP Whales’ Transaction

  •  According to the data from whale alert, a total of 132 million XRP worth almost $61.93 million at the time of the transaction were moved from one unknown wallet to another.
  • Per the Whale Alert, the unknown whale moved 54.1 million XRP worth around $24.56 million from a Bitso address to an unknown wallet.
  • Another whopping 30 million XRP worth $14.76 million was transferred from Bitstamp to an unknown wallet.
  • A total of 25 million XRP worth  $12.33 million were deposited to Bitstamp by an unknown Ripple whale.
  • On the same premise, a sum of 54,123,746 XRP was withdrawn from the exchange by another anonymous user.

Read Also: Six Dogecoin Whales Jointly Purchased A Whopping 620 Million Worth About $37.2 Million, Dogecoin Spikes By 5.13% Over the Past Week

  • Another whopping 60 million XRP ($29.64 million) were deposited to Bitstamp by another anonymous Ripple whale a few hours later.
  • Ripple’s ODL partner, Bitso received a total of 40 million XRP from an anonymous whale.

Ben Amstrong Commented On XRP Rallying

A popular YouTuber Ben Amstrong has taken to his Twitter handle saying that the XRP is rising for many reasons. He further said that Ripple’s token has spiked over 50% in the past 7 days because the Securities and Exchange Commission (SEC) has given up on its quest to prove that the coin is a security.

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