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1.6 Billion XRP Moved by Whales and Exchanges for Second Consecutive Day

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Sat, 12/25/2021 - 11:08
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Yuri Molchan
Anonymous whales and exchanges have been wiring more than a billion XRP coins for the second day in a row as XRP strives to recover $1
1.6 Billion XRP Moved by Whales and Exchanges for Second Consecutive Day
Cover image via stock.adobe.com

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Over the past twenty hours, several top-tier digital exchanges and anon crypto addresses have transferred a jaw-dropping 1.686 billion XRP coins, as per the data shared by Whale Alert and XRP analytics service Bithomp.

This is the second consecutive day when the aforementioned crypto tracking platform has detected over billion XRP coins transferred by big crypto market players.

At the time of writing, XRP, ranked 7 on CoinMarketCap, is changing hands at $0.9196, striving to recover the $1 zone that it briefly reached on December 23.

Over one billion XRP gets shifted again

Whale Alert spread the word about twenty-two XRP transfers that carried a total of 1.68 billion coins from various digital exchanges. Some of these XRP lumps were moved by anonymous digital wallets, as per Bithomp.

Some of the transfers carried lumps exceeding 100 million and 225 million XRP. One of them was made by the top Korean exchange Bithumb (103,000,020 XRP, equaling $100,014,220).

225,110,200 XRP was shifted between wallets tagged as “unknown”. That is the equivalent of $217,828,270.

Related
Whopping 1.176 Billion XRP Wired by Ripple, ODL Venues and Leading Exchanges

1.6 billion XRP moved in massive lumps

A transfer, carrying the same amount of crypto - 225,110,160 XRP – was also made by an anonymous wallet to the Binance exchange. Binance then shifted 225,117,280 XRP to another anonymous wallet, however, Bithomp service revealed that it was an internal move of crypto by the CZ-governed exchange.

The other XRP transfers were made by FTX exchange, Bitfinex, again Binance (acting both as sender and receiver), Bitstamp, Coinone, and Bittrex.

Several transactions worth over 60 million, 79 million and 95 million XRP were made between anonymous wallets.

Overall, $1,479 billion worth of XRP has been wired in the past twenty hours.

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Image via Twitter

On December 24, U.Today reported that a similar amount of crypto, 1.176 billion XRP was moved by Ripple giant, ODL platforms and addresses with unregistered owners.

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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 yuri.molchan@u.today.