In less than an hour, 4.1 billion Ripple (XRP) exits occurred from the popular US-based cryptocurrency exchange Bittrex.
Whale Alert data from an anonymous wallet registered with the cryptocurrency exchange Bittrex. in as little as one hour about addresses other than the stock exchange 1.5 billion dollars worth 4.1 Billion XRP moved. In ten different processes This great transfer seven of them, half a billion XRP at once accomplished by transfer.
XRP focused wallet tracking platform bithomp Addresses where billions of XRPs are sent, according to data provided by South Koreaone of the largest cryptocurrency exchanges Upbit Created by However, according to analysts, these large transfers were made by a financial institution, not by a single user.
These hefty transfers are not a first for XRP. Before that Ripple Labs, itself announced that it made such transactions to provide liquidity to the stock markets. In this context, Ripple Labs, as it is known, will be released on December 1, 2021. “escrow” from secure escrow accounts called 1 billion XRPIt had made it automatically withdrawn in a planned way. The transaction was part of the monthly withdrawals established by the company in 2017 to support the liquidity of XRP assets on exchanges in early 2018 and send some of it to Ripple’s partners and customers. The company so far 55 billion XRP total to take 55 different escrows known to have created an account.
The company has not yet made a statement as to whether the transaction mentioned in the news is one of them.
CoinGecko According to the data, while large amount of transfer does not have a big effect on the price, XRP in the last 24 hours 1.5% with depreciation $0.383traded from.