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218 Million XRP Wired by Anon Wallets and These Two Exchanges as XRP Is up 3.55%

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Fri, 06/17/2022 - 13:06
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Yuri Molchan
Several transactions moving large amounts of XRP have been detected
218 Million XRP Wired by Anon Wallets and These Two Exchanges as XRP Is up 3.55%
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Whale Alert has spotted four crypto transfers bearing massive sums of Ripple-affiliated XRP tokens. The overall amount of XRP that has been transferred constitutes nearly 220 million XRP.

The four transactions carry amounts of 60,000,000 and 36 million coins worth $71,073,810 in total at the current exchange rate of $0.3264. While the crypto market is bleeding, XRP has been up over 3.5% today. However, over the past week, the coin has lost nearly 19%, according to CoinMarketCap data.

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Whale Alert shows that XRP was moved between addresses that it tagged as "unknown" and crypto exchanges Bitso and Bitstamp. Both provide their platforms for Ripple's ODL service that uses XRP for fast and low cost transnational payments and remittances.

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However, data provided by analytics website Bithomp shows that the "unknown wallets" belonged to the Bittrex and BitGo exchanges.

Besides, Bitso exchange, based in Mexico, transferred 60,000,000 XRP between its own wallets.

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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.