Suspicious activity around XRP continues, but this time Ripple wallet has been spotted
Suspicious activity with XRP tokens, first spotted on Friday, July 15, continues to this day. As reported by Whale alerts, 60 million XRP worth $21.86 million was sent from Ripple’s address to an unknown wallet. Three hours later, the same amount of XRP was sent from an unknown wallet to Bitso, a global crypto exchange based in Mexico.
But that was not all, as within an hour, 59.9 million XRP had already been withdrawn from one Bitso address to another, or to the same address it originally came from. It is also important to note that all of the addresses involved in the turnover are holders of multi-million dollar amounts of XRP.
Is the XRP community about to be surprised with a major announcement?
The anomaly-filled days for XRP began last Friday, when the token’s turnover increased 12 times in two hours. Then, with the start of the new week, suspicious activity has been spotted again, with XRP being moved in multi-million dollar transactions from wallets to exchanges and back again in a short period of time. This trend is still in play today.
As previously reported, recent events do not directly affect the price of XRP. The token continues to be quoted near the top of the price corridor, where it is hitting a strong resistance level of $0.375. However, while there is no direct impact, indirectly, these transactions could signal possible future price perturbations.
Maybe XRPL or Ripple are preparing big announcements or updates, or maybe it’s just moving tokens from one pocket to another.
