Moved in the last 48 hours Ripple (XRP) While the amount of the company recorded a great increase, the company itself was included in the transfers.
According to Whale Alert’s post, 160.6 million XRP was sent from a Ripple-owned wallet to an unknown wallet in the last 12 hours.
It was noteworthy that these transfers came after the move of 4.1 billion XRP.
What’s Happening on the Ripple (XRP) Front?
Koinfinans.com As we reported, 4.124 billion XRP tokens were removed from Bittrex in a short time. Whale Alert tagged the sending wallet as a wallet owned by major crypto exchange Bittrex. All of the transfers were sent to wallets marked as “unknown” by Whale Alert.
Although Ripple sent its transfer containing 50,000,000 XRP to an as yet unknown wallet, speculation quickly spread. Some names are preparing to sell a small portion of Ripple’s current supply. The most important detail supporting these claims is that the transfers are sent to the wallet defined as RL18-VN. This wallet is often used to move or sell XRP offsite.
The fact that the company also transferred just above the XRP tokens moved from the Bittrex exchange raised many questions.
Mexico-based Bitso also joined the caravan by transferring 35.6 million and 40.000.000 XRP.
The third transfer was made by an anonymous whale to the Bitstamp exchange. However, according to XRP wallet tracker Bithomp, the sender’s wallet has proven to be linked to the US-based Bittrex exchange.
You can follow the current price action here.
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, Koinfinans and the author of this content cannot be held responsible for personal investment decisions.