Ripple giant and anonymous wallets have shifted over 600 billion XRP within less than 24 hours
Popular crypto tracking service Whale Alert spotted several large XRP transfers, carrying a total of 609.5 billion tokens. Two of them moved 460 billion XRP.
This is happening while the sixth largest cryptocurrency is showing a 14.30% decline over the past week.
610 billion XRP shoveled, much of it sent by Ripple
The aforementioned crypto tracker released details of several crypto transactions, carrying huge chunks of XRP.
The two largest ones were worth 310,669,160 and 150,000,000 XRP, worth $200,612,543 and $96,714,743, respectively.
Ripple has moved 70,000,000 XRP to one of its additional wallets, RL18-VN, suggesting that the fintech giant plans to move this money outside the company since it has always been used to send money. XRP to its clients or crypto exchanges.
The 150,000,000 XRP lump was also moved to Ripple by an unknown wallet. According to data shared by XRP-focused data service Bithomp, this was an internal transfer by the San Francisco-based company spearheaded by Brad Garlinghouse.
Corridor Ripple and Bitso ODL moving XRP
Another transaction made by Ripple here involved transferring 40,000,000 XRP to the Mexico-based exchange Bitso. It is Latin America’s largest trading platform and a crypto unicorn. Also, since 2019 it has been functioning as one of Ripple’s ODL corridors.
Bitso has also moved 38,900,000 XRP internally.
