Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
Whale Alert has detected several large XRP transfers carrying over 121 million XRP, conducted by crypto exchanges. However, 100 million XRP was wired not long ago—over the past five hours.
Meanwhile, the eighth largest cryptocurrency, XRP, has demonstrated major growth (by 15.5%) in the past 24 hours and is changing hands at $0.7739 as of this writing. Its price surge surpassed that of the other top 10 cryptocurrencies, including Bitcoin. As the XRP price soars, interest in this digital currency seems to be going up as well.
Overall, XRP has surged more than 30% since Friday, including today's growth.
121 million XRP moved by exchanges as the price spikes
This amount of XRP worth over 90 million USD in fiat was moved in three lumps worth 80 million, 20 million and 21 million coins.
The 80 million have been sent just slightly over two hours ago between the internal wallets of a leading exchange in South Korea, Bithumb. So was the stash, carrying 20 million coins, a little over five hours ago.
? ? ? ? ? ? 80,000,000 #XRP (61,570,482 USD) transferred from unknown wallet to #Bithumbhttps://t.co/7OwKX2tqYY
— Whale Alert (@whale_alert) February 7, 2022
Yuri MolchanThe third lump was moved from Bitstamp exchange to the BitGo platform that offers crypto custody services to financial institutions and is a Ripple partner, where the DLT giant stores some of its XRP riches.
Last year, BitGo was acquired by Mike Novogratz's Galaxy Digital crypto investment fund as it decided to venture further into the blockchain and crypto fields.
Arman Shirinyan
Alex Dovbnya
Dan Burgin
Vladislav Sopov