Cryptocurrency According to Whale Alert, who studies the movements of whales Ripple and some anonymous users transferred 400 million XRP in total. At the time of this writing, XRP is trading at $0.72.
Users Including Ripple Transferred 400 Million XRP
While the world was locked in the war between Ukraine and Russia, the XRP movements in the last hours drew attention.
Two of the transactions were handled by Ripple itself. When the XRP-focused analysis service Bithomp is examined, we see that the crypto money giant has sent 50 million XRP (about 35 million dollars) to one of its wallets, RL18-VN.
The company often uses this wallet to send cryptocurrencies to non-Ripple digital exchanges, cryptocurrency wallet service providers, and corporate customers.
After that, 20 million XRP was sent from the company’s wallet to the Filipino cryptocurrency exchange Coins.ph.
This exchange acts as a corridor for the On-Demand Liquidity (ODL) service owned by XRP. Similar corridors are also found in crypto exchanges Bitso in Mexico, Bitstamp in Europe and BTC Markets in Australia.
In addition, according to Whale Alert data, the US-based Bittrex exchange sent 20 million XRP to the South Korean Upbit platform. Another 15 million XRP transfers were made from Bittrex exchange to an anonymous wallet today.
🚨 15,000,000 #XRP (11,487,869 USD) transferred from #bittrex to unknown wallethttps://t.co/RqS1K0YsZO
— Whale Alert (@whale_alert) February 26, 2022
In addition, Whale Alert also drew attention to the large amount of XRP transfer that took place between two anonymous wallets recently. 305.8 million XRP was sent between accounts. At the time of the transfer, the value of these cryptocurrencies was around $214 million.