Bitstamp has received massive lump of XRP from anonymous wallet
Less than an hour ago, an anonymous whale transferred 30,000,000 XRP to the EU-based Bitstamp crypto exchange, as reported by crypto tracking start-up Whale Alert.
Over the past 24 hours, XRP token has lost approximately 7% of its price, according to CoinMarketCap.
Here’s Who Moved XRP to Bitstamp
The transaction was made from a wallet that was marked as “unknown” by the above blockchain tracker. Data shared by XRP-focused platform Bithomp shows that the funds came from BitGo.
This is the biggest crypto custodial service in the U.S. that works with institutional clients and also as a crypto exchange. Last year, founder of Galaxy Digital and former Goldman Sachs partner Mike Novogratz announced that his crypto bank would acquire BitGo to expand Galaxy Digital’s impact in the crypto space.
However, in the fall, several months after the initial announcement, Novogratz pulled out of the deal with BitGo.
David Gokhshtein extends his support for Ripple
Prominent crypto enthusiast and entrepreneur David Gokhshtein has XRP among the assets he supports and tweets about on a regular basis.
Last week, he took to Twitter to share that he expects Ripple to eventually defeat the SEC regulator in court. The first reason was that this victory would certainly provide regulatory clarity for the entire crypto space. The SEC has often been accused of a lack of regulatory clarity, despite recently suing Ripple and other crypto companies.
The second reason is that Gokhshtein wants the XRP army, which has been waiting for the outcome of the legal battle between these two giants, to be rewarded.
