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678 Million XRP Shoveled by Anon Wallets, 256 Million Moved in Single Lump

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Tue, 05/10/2022 - 14:23
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Yuri Molchan
Several top exchanges and anonymous wallets have transferred close to 680 million XRP; almost half of it was moved in a single chunk
678 Million XRP Shoveled by Anon Wallets, 256 Million Moved in Single Lump
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A mind-blowing 678.5 million XRP tokens have been transferred by major crypto exchanges and anonymous digital wallets over the past 24 hours, as per data shared by Whale Alert, a blockchain platform that tracks down large transactions of crypto.

A total of 256.2 million XRP were moved in a single transfer.

678.5 million XRP shifted

According to the aforementioned crypto tracker, the equivalent of $360,739,666 in Ripple-affiliated cryptocurrency has been shifted by several addresses that Whale Alert tagged as belonging to large centralized crypto exchanges. Some of them, however, were marked as unknown.

Among the exchanges that moved the XRP tokens were Binance, FTX, Bittrex, Bitstamp and BitGo.

These exchanges have shoveled 422.3 million XRP. However, the biggest amount of XRP that was moved in a single transaction totaled a staggering 256,234,246 coins. It was wired between wallets marked as anonymous.

Japanese car exporting company accepts XRP

As covered by U.Today earlier, Japan-based used car exporter "SBI Motor Japan" has started to accept top 10 cryptocurrencies XRP and Bitcoin as payment for exported second-hand automobiles. The company is a subsidiary of SBI Group financial giant.

Crypto payments are processed by another subsidiary of SBI Group, "SBI VC Trade," a crypto trading exchange.

"SBI Motor Japan" is, at the moment, focused on exporting used cars to Africa, and in the announcement of the news that they are launching an office in Tanzania—the first one ever in the region.

SBI has stressed that adoption of cryptocurrencies in Africa is largely progressing.

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Cardano Treasury of $723 Million in ADA Is Decentralized and Is Only Going to Grow: Charles Hoskinson

XRP price moves

In the meantime, the sixth largest digital currency, XRP, is trading at $0.5242, showing a loss of nearly 3% over the past 24 hours.

Overall, within the last month, XRP has dropped from $0.797 to the current price level, following the Bitcoin plunge.

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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.