Whopping 500 Million XRP Withdrawn from Kraken in Single Transfer on the Dip

Mon, 08/29/2022 - 16:14
Yuri Molchan
Half a billion XRP has been shoveled from this crypto exchange as XRP recovers nearly 3 percent
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According to Whale Alert cryptocurrency tracker, roughly seven hours ago, a staggering 500 million XRP was transferred from a major crypto exchange Kraken.

This amount of cryptocurrency is worth $161,221,380.

Anon whale moves 500 million

An amount of half a billion XRP tokens were sent from a Kraken wallet to an anonymous crypto address, while the seventh largest digital currency is trading in the $0.32 range.

Earlier today, XRP printed several consecutive red hourly candles, dropping by 4.61 percent. By now, however, Ripple-affiliated coin has partly recovered, rising by nearly 3 percent.

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Over the past few weeks, the aforementioned cryptocurrency tracker reported massive amounts of XRP transferred by various top crypto exchanges, as well as by Ripple. The fintech giant based in San-Francisco sold millions worth of USD.

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.