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Millions of XRP Moved to Bitstamp as XRP Becomes Most Popular Smart Contract

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Thu, 22/12/2022 - 15:32
Millions of XRP Moved to Bitstamp as XRP Becomes Most Popular Smart Contract
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According to a tweet released by top-line crypto tracker Whale Alert, slightly over 13 hours ago, a massive amount of Ripple-affiliated XRP tokens was transferred from an unknown wallet to Bitstamp exchange.

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Meanwhile, XRP wrapped on BSC has become popular with local whales and entered the list of top-used smart contracts.

Whale Alert reported that a single lump of 45,000,000 XRP was transferred to a wallet that belongs to Bitstamp. This is equated to $15,596,743.

Data from XRP-centered explorer Bithomp shows that this XRP lump was moved from major U.S.-based exchange Bittrex. Still, whales have been accumulating XRP heavily as of late.

As reported by U.Today earlier, wallets holding between 1 million and 10 million XRP have been adding XRP to their stashes actively at the end of this year. The number of these heavily accumulating addresses has reached a total of 1,617, according to data shared by Santiment. They together now hold 7.23% of the total supply that is circulating out there. Both values are all-time highs.

Thus, together, they are holding 56.28 million XRP tokens.

Related
Ex-Ripple Director Says XRP Ledger Smart Contracts in Development

Over the past 24 hours, the price of the aforementioned coin went up by 2.7%, hitting $0.34793. By now, however, XRP has seen a slight drop, going down to the $0.34205 level on the Bitstamp exchange.

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