647.6M XRP Moved in the Past 24 Hours. Here’s Their Destination

The sixth-largest cryptocurrency by market capitalization XRP continues to trend as one of the assets with the highest movements. It has nearly become a norm that millions of the XRP Ledger native tokens are being moved daily by whales.

Whale Alert data showed that in the past 24 hours, approximately $225 million worth of the Ripple-linked crypto asset has been relocated. From another perspective, a whopping 647,600,000 XRP have been transferred in different transactions, by several anonymous whales from one unknown wallet to another. 

Details of XRP’s Latest Movements

According to the blockchain analytics platform Whale Alert, the largest XRP shifting in the last 24 hours was recorded when 325,800,000 XRP worth $112,041,153, at the time of execution was transferred from an unidentified Binance exchange user to an unknown wallet. 

In an earlier transaction, an anon whale moved XRP tokens worth $63,135,788 in a wallet-to-wallet operation. Here, 179.5 million XRP were relocated. A report further revealed that 62,300,000 XRP worth about $21.7 million was transferred from the Bitso exchange to an unknown whale wallet.

Likewise, 40,000,000 XRP worth $13.9 million flowed into the Bitso crypto exchange from an unknown loaded wallet. Whale Alert also published that another 40 million units of XRP worth $13,927,502 at the time of execution were transferred from an unknown wallet to the Bitstamp exchange.

As earlier reported, the day after the settlement rumors from Cardano founder Charles Hoskinson regarding the Ripple- SEC case turned out to be false, over 302 million XRP were shifted within 24 hours. In another report, more than 139 million XRP was moved by anon whales, in just four transactions. 

It bears noting that the accumulation of XRP by whales holding between 100k and 10 million XRP tokens has drastically increased following the recent decline in the token’s price. In turn, crypto punters speculate a bullish run for XRP soon.

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