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Over 188 Mln XRP Sent from Bithumb to Anonymous Wallet in January 2020: Whale Alert

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Wed, 01/22/2020 - 11:55
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Yuri Molchan
Whale Alert reports that over $10 mln worth of XRP has been sent from Bithumb to an unknown wallet in the past few hours, but in January it has been over 188 mln in total
Over 188 Mln XRP Sent from Bithumb to Anonymous Wallet in January 2020: Whale Alert
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A few hours ago, the Whale Alert Twitter account reported that somebody had transferred 45 million XRP ($10,737,513) from Bithump to a wallet with an unregistered owner. Some individuals in the crypto community reckon somebody is accumulating XRP.

XRP 1
Image via Twitter

Over 188 mln XRP moved from Bithumb in January

On December 30, the XRPL Monitor account on Twitter reported that 64,000,000 XRP was moved from Bithumb to the same unknown wallet.

XRP 2
Image via Twitter

Apart from that, data from the Bithomp website indicates that since January 10 at least 128,000,000 has been sent from Bithumb to this anonymous wallet in large transactions (plus the 64 mln mentioned above). There has also been a great deal of smaller ones, sometimes several transfers per day.

However, Bithomb says that this account was set up by Bithumb, so these are most likely some type of transactions happening inside the Bithumb exchange.

anonymous XRP account
Image via bithomp.com

Related
XRP Payments and Cross-Border Transfers Launched by BitPay

XRP price expected to hit $0.30 soon

After the XRP price surged from under $0.20 to $0.24 recently (but is trading at $0.2362 at press-time), the community looks encouraged and seems to be expecting a higher price surge of XRP this year.

The first target which some Twitter users expect the coin to regain is the psychological level of $0.30.

XRP 3
Image via Twitter

Overall, many users are extremely bullish on XRP.

Community believes XRP could be approved by US regulators soon

As reported by U.Today earlier, during the World Economic Forum this year in Davos, the US Treasury Secretary Steven Mnuchin mentioned that they encourage the work of payment companies that makes cross-border payments for business and retail customers faster and cheaper.

In his speech, he mentioned Ripple’s partner MoneyGram, which runs on an On-Demand Liquidity (ODL) product developed by Ripple. All of this was retweeted by Ripple CEO Brad Garlinghouse.

Based on that tweet from Garlinghouse, some in the community concluded that Ripple might be officially approved by US regulators soon enough.

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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.