Whale Alert: 70 Million Transfers Made in This Rising Altcoin!

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A huge amount of crypto assets have been moved by whale investors in the past 24 hours as the price of popular altcoin XRP continues to rise. These transactions were reported by cryptocurrency whale watching service Whale Alert.

Koinfinans.com As we reported, according to Whale Alert data, a total of 70,339,320 million (70.33 million) XRP has been transferred between Bitstamp cryptocurrency exchange and different unknown wallets in the last 24 hours. At the current price of $0.52, the coins were worth about $36.57 million.

Transaction Details

Whale Alert reports that 25 million XRP has moved from an unknown wallet to Bitstamp, one of Ripple’s official On-Demand Liquidity (ODL) partners. This amount was worth approximately $12.88 million at the time of the transaction.

In a similar development, 20 million XRP ($10.33 million) was transferred from an anonymous cryptocurrency wallet to Bitstamp.

A few minutes later, a total of 25,339,320 (25.33 million) XRP worth $13.13 million from an address on the Bitstamp exchange to an unknown wallet sent.

Altcoin Price Gains Momentum

Koinfinans.com As we reported, these big moves happened in the midst of an increase in the value of XRP. The cryptocurrency has been giving bullish signals ever since Ripple publicly presented its summary judgment motion in a lawsuit against the Securities and Exchange Commission. The altcoin is currently trading at $0.52, up 8% in the last 24 hours.

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.


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