As crypto markets regain surging momentum, whales have also been initiating the movement of XRP in large numbers.
As reported by Whale Alert, the tracker of large transactions of cryptocurrencies, an anonymous XRP whale moved a total of 313,218,266 XRP worth $148,102,802 on October 29 in a single transaction.
Whale Alert tweeted, “313,218,266 XRP (148,102,802 USD) transferred from unknown wallet to unknown wallet.”
🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 313,218,266 #XRP (148,102,802 USD) transferred from unknown wallet to unknown wallethttps://t.co/PiVcJ36Iq5
— Whale Alert (@whale_alert) October 29, 2022
Also, on October 29, a total of 40,614,705 XRP worth $19,293,636 was transferred from the crypto exchange Bitstamp to an unknown wallet. Another 30 million XRP worth $14,251,220 was transferred from an unknown wallet to Bitstamp.
About XRP movement, Ripple notes in its Q3 2022 report that 3 billion XRP were sent out of escrow at 1 billion per month, following previous quarters and the official escrow agreement. Throughout the quarter, 2.1 billion XRP in total was returned and later kept in new escrow contracts.
In the Q3 report, Ripple also updated the community on the amount of XRP held across its wallets. It notes that for the first time, the amount of XRP held in Ripple wallets is below 50 billion, or 50% of the total outstanding supply.
It’s also worth mentioning that Ripple now runs only four of XRP Ledger’s over 130 validator notes.
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