Saturday, August 13, 2022
Home Crypto News Market 243 Million XRP Transferred Among Ripple, Exchanges And Unknown Wallets As Shuffling Cross...

243 Million XRP Transferred Among Ripple, Exchanges And Unknown Wallets As Shuffling Cross 1B XRP This Week

- Advertisement -


Another large volume of XRP flowed among exchanges, Ripple, and unknown wallets.

The rising demand for Ripple’s On-Demand Liquidity (ODL) solution is still fueling the large movement of XRP between cryptocurrency exchanges and unknown wallets. 

Over the week, more than a billion XRP have moved between unknown wallets and cryptocurrency exchanges. Yesterday, nearly 600 million XRP tokens were transferred in multiple transactions, 224M on the 3rd of August and 172 Million on the 2nd of August, and 224M today.

Whale Alert, a leading crypto whale tracking service, continues to share details of more of these transactions. In the last 24 hours, a total of 243,935,767 million (243.93 million) XRP coins have flowed among Ripple, cryptocurrency exchange, and unknown wallets. 

As reported by Whale Alert, 40 million XRP, worth $15 million, were sent from an unknown wallet to Bitstamp. 

The Luxembourg-based cryptocurrency exchange has been the major party to these large XRP movements in recent times. It is noteworthy that Bitstamp was the exchange former Ripple CTO used to offload his last XRP holdings

A few hours later, Whale Alert also observed another large XRP movement from an unknown wallet to the exchange. This time, 30 million XRP coins worth $11.29 million were transferred from the anonymous wallet to Bitstamp. 

Interestingly, the Silicon Valley tech company was also involved in the latest series of large XRP transactions. According to Whale Alert, Ripple transferred a whopping 50 million XRP coins ($18.67 million) to an unknown address. 

Although the owner of the wallet is unknown, it is believed that the funds were sent to an ODL client. 

More Large XRP Movements

Furthermore, 30 million XRP tokens, worth $11.29 million, were observed by Whale Alert to have flowed from an unknown wallet to Bitso exchange, a member of Ripple’s ecosystem. 

Again, Bitstamp was involved in another large XRP movement in the last 24 hours. This time, the funds moved from the exchange to an unknown wallet. 

Per Whale Alert, 63,935,767 (63.9 million) XRP coins were transferred from the Bitstamp exchange to an unknown wallet. At the time of the transaction, the coins were worth approximately $24.08 million. 

Additionally, 30 million XRP coins, worth around $11.16 million, were also seen to have flowed from Bitso to an unknown wallet. 

- Advertisement -


The content is for informational purposes only and may include the author’s personal opinion, and does not necessarily reflect the opinion of TheCryptoBasic. All Financial investments, including crypto, carry significant risk, so always do your complete research before investing. Never invest money you cannot afford to lose; the author or the publication does not hold any responsibility for your financial loss or gains.

Lele Jimaa
Lele Jima
Lele Jima is a cryptocurrency enthusiast and journalist who is focused on educating people about how the nascent asset class is transforming the world. Aside from cryptocurrency-related activities, Jima is a lover of sports and music.


Please enter your comment!
Please enter your name here

- Advertisment -

Recent News & Articles

IOG Says “Getting Things Right” Is The Priority After Cardano Investor Asked When Vasil Will Launch

  IOG has responded to ADA investors who are eager to know the exact date for the launch of the Vasil hard fork.  Input Output Global...

The Deputy Minister Of Digital Transformation Says Ukraine Should Launch A CBDC

Alex Bornyakov is in support of a digital hryvnia. In a four-tweet thread on Friday, Ukraine's Deputy Minister Of Digital Transformation, Alex Bornyakov, argues that...

Shiba Inu Lead Developer Gets A Harsh Response From “Can You Pet The Dog”

  "Can You Pet The Dog" Shuns Shiba Inu Game, Shiba Eternity As It Wants Nothing To Do With Crypto Projects. ...

Shiba Inu And BONE Becomes Top Trending Coins in Asia, USA, and Canada

Shiba Inu and Bone are trending worldwide. window.coinzilla_display = window.coinzilla_display || ; var c_display_preferences...

NOWNodes Adds Support for Shiba Inu Burn Portal Reward Token Ryoshi Vision (RYOSHI)

  The listing of RYOSHI will enable developers to build on Ryoshi Vision via NOWNode's platform. window.coinzilla_display =...

71,225 XRP Holders Now Stand With Ripple Against SEC, Deaton Says All XRP Investors Are Leaders Of XRPArmy

  The Amici attorney has commended XRP investors for their collaboration toward Ripple’s legal battle against the SEC.  ...

One Year After Burning Mechanism Launched, 2.5 Million Ethereum Worth $5B Burnt, Is ETH Becoming Deflationary?

  About 2.1% of Ethereum's circulating supply has been burned since the London hard fork. window.coinzilla_display = window.coinzilla_display...

Subscribe To Our Newsletter

Get Updated with All The latest Crypto News, Articles, Reviews, Analysis and much more. Delivered Every Monday.