Ripple Moves A Total Of 50 Million XRP, Whale Investors Also Re-Shuffle 315 Million Among Exchanges
Ripple whale Investors are now popular with the transferring of massive amount of XRP among exchanges which include Bittrex and Bitstamps, also the recent data from Whale Alert revealed that the blockchain company, Ripple, made a transfer of a whopping 50 million XRP to an anonymous wallet.
Per the Whale Alert, a total of 50 million XRP tokens were transferred to an unknown wallet and the overall token was worth around $24.39 million at the time of the transaction.
Read Also: Terra Classic Installs Cosmo Security Chain Patch For Maximum Security Of The LUNC Network
Notably, that Ripple’s XRP transfer is mostly connected to the company’s On-Demand Liquidity (ODL) solution although the receptive wallet is unknown.
The point here is that financial institutions’ interest in the ODL solution has recently increased and for this reason, Ripple enforces the buying of XRP from the secondary markets to serve these demands.
Ripple Whale Investors’ Transaction
On the same premise, investors resumed back to their usual activities as captured by the Whale Alert. For instance, an anonymous whale deposited 25 million XRP ($12.39 million) on the Bitstamp exchange.
A little longer after the first transaction, one hundred million XRP ($50.05 million) were transferred from an unknown wallet to another unknown wallet.
Read Also: Do Kwon Now Set To Talk On Why He Refuses To Return To South Korea As Laura Interviews Him On Friday
Another massive transaction was recorded by the Whale Alert as the 110.2 million XRP between two Bitso addresses and two unknown wallets.
Finally, about 20 hours ago, a whopping 80 million XRP ($35.67 million) were withdrawn from Crypto.com by an unknown whale.
Ripple is currently trading at $0.497, a 3.83% increase over the last 24 hours.
Follow us on Twitter, Facebook, Telegram, and Google News
Cryptolifedigital is a cryptocurrency blogger and analyst known for providing insightful analysis and commentary on the ever-changing digital currency landscape. With a keen eye for market trends and a deep understanding of blockchain technology, Cryptolifedigital helps readers navigate the complexities of the crypto world, making informed investment decisions. Whether you’re a seasoned investor or just starting out, Cryptolifedigital’s analysis offers valuable insights into the world of cryptocurrency.
