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Bitstamp Receives Massive XRP Transfer

Mon, 5/02/2024 - 7:54
Bitstamp Receives Massive XRP Transfer
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Bitstamp, one of the leading digital currency exchanges, has received a substantial transfer of XRP. 

According to Whale Alert, a popular service that tracks large cryptocurrency transactions, a total of 29 million XRP, valued at approximately $14.7 million was transferred from an unknown wallet to the exchange. 

A wave of major XRP transfers

On February 2, a remarkable transaction involving 40 million XRP, worth close to $20 million, was recorded to Binance, highlighting XRP's global allure. 

That same day, Bitso was the recipient of an impressive 37.9 million XRP transfer, totaling more than $19.1 million, which underlines the international appeal of XRP


Furthermore, Bitstamp received a substantial influx of 29.7 million XRP, valued at over $15 million. 

In an even more striking move, Jan. 24 saw an enormous transfer of nearly 196.4 million XRP, equivalent to over $101.4 million, from Bitvavo to an unidentified wallet. 

XRP's price recovery   

Currently ranked sixth by market capitalization, XRP is trading at $0.5042, with a slight increase of 1.1% over the past 24 hours. 

After the recent hack involving Ripple co-founder Chris Larsen's personal XRP accounts, which saw the theft of approximately 213 million XRP valued at around $112.5 million, the token saw a substantial price drop. However, it has now pared most of its losses. 


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