Ripple and anonymous whales transfer half a billion XRP
whale alert The crypto tracking bot detected three XRP transactions, carrying a total of 512.1 million XRP. They were led by fintech giant Ripple and wallets that Whale Alert labeled as “unknown”.
Record amounts of XRP on the move
In the last twenty hours, three staggering chunks of XRP have been transferred, according to the tweets posted by the crypto tracker mentioned above.
Ripple giant moved 50 million XRP – the smallest of these three – to its RL18-VN reserve wallet often used to transfer crypto beyond the enterprise – to charities, exchanges and institutions financial.
The other two chunks of Ripple-affiliated tokens contained 226,439,980 and 235,725,280 XRP worth $163,244,540 and $170,121,600. The total equivalent of the shifted XRP amount comprises roughly $370 million.
Whale Alert marked the senders and receivers of these two XRP amounts as “unknown” addresses, but XRP-focused data platform Bithomp shows that in both cases the sender and receiver were the exchange. Uphold crypto that moved the funds internally.
Ripple CEO criticizes crypto tribalism
In a recent interview to CNBC, head of Ripple Labs Brad Garlinghouse bashed tribalism in the crypto industry, stating that this a major issue of the space that slows down its improvement on a big scale.
Garlinghouse himself owns Bitcoin and Ethereum, with the exception of XRP, and as a former Yahoo executive he saw many companies that managed to coexist quite well during the dot-com boom of the 1990s. .
Now, Garlinghouse is shocked at the lack of coordination between the leaders of crypto companies and communities and absence of adequate regulation from the US authorities, as he admitted in the interview.
Since December 2020, Ripple Labs has struggled to win against the SEC in the lawsuit brought by the regulatory agency, and Garlinghouse has repeatedly stated that the SEC’s goal is to impose strict control over all of the crypto space, and they basically singled out Ripple as a scapegoat.
