Main navigation

105 Million XRP Moved by Unknown Wallets, Here's Who's Behind This Transfer

Thu, 10/06/2022 - 09:47
article image
Yuri Molchan
Recent on-chain data shows that anonymous whales have shifted $51.5 million worth of XRP
105 Million XRP Moved by Unknown Wallets, Here's Who's Behind This Transfer
Cover image via

Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

Read U.TODAY on
Google News

Popular Whale Alert crypto tracker, which tracks down large transactions of digital currencies, shows that roughly 11 hours ago, a massive lump of XRP worth more than $51.4 million was shifted. Both sender and receiver are marked as "unknown wallets" by said tracking service.

105 million XRP goes between wallets

A total of 105,000,000 XRP, evaluated at $51,403,328, was transferred more than 10 hours ago. While the tracker believes the wallet who sent and received this XRP chunk to be anonymous, data from XRP-focused analytics website Bithump shows that the funds were moved from a Binance address to an account on Bittrex exchange.

XRP price goes up

Over the past 24 hours, XRP has shown a moderate price increase, going up by nearly 3%. Earlier today, the Ripple-affiliated token was even able to reach a local peak of $0.5. However, it failed to fix on that psychological level.

Over the past few weeks, crypto community's focus has been on this coin as Ripple has enjoyed positive developments in court in its case against the SEC regulator, which is striving to acknowledge XRP as a digital security.

Image via CoinMarketCap

Ripple Slams SEC for Opposing Amicus Briefs from Two Firms

Influencers bullish on XRP

Besides, several influencers from both crypto and noncrypto industries have been tipping their hats to XRP. Among them were founder of Gokhshtein Media David Gokhshtein and U.S. record producer E-Smitty. The former expects XRP to rally and skyrocket along with the whole crypto industry should Ripple win the case in court.

The latter stated that he uses XRP every day to pay his artists and accept payments, believing that the token will be adopted by the entire world very soon.

article image
About the author

Yuri is a crypto journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. ‘Hodls’ major cryptocurrencies and has written for multiple crypto media outlets. 

His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.

Currently Yuri is a news writer at U.Today and can be contacted at