Over 340 Million Ripple (XRP) Worth $119M Shuffled Between Exchanges and Unknown Wallets in 24 Hours 

Large transfers of Ripple coins were recorded in the past day. 

Whale Alert, a cryptocurrency data provider that tracks the activities of large crypto investors, has shared transaction details of massive Ripple (XRP) transfers that took place in the last 24 hours. 

Details of the Transaction 

First, a total of 125 million XRP coins, worth approximately $42.84 million, were transferred from leading cryptocurrency exchange FTX to an unknown wallet. 

? ? ? ? 125,000,000 #XRP (42,837,819 USD) transferred from #FTX to unknown wallethttps://t.co/HHX5my0Tad

— Whale Alert (@whale_alert) August 23, 2022

A few hours later, the whale cryptocurrency tracking service also observed the movement of 55 million XRP from an unknown wallet to an address on Bitstamp exchange. Whale Alert reported that the funds were worth $19.13 million at the time of the transaction. 

? 55,000,000 #XRP (19,134,275 USD) transferred from unknown wallet to #Bitstamphttps://t.co/tTo8UaC1c5

— Whale Alert (@whale_alert) August 23, 2022

At the same time, Whale Alert also reported the transfer of large amounts of XRP to the tune of 43,013,078 (43.01 million), transferred from a Bitstamp address to an unknown wallet. The funds were valued around $14.96 million during the time of the transaction. 

? 43,013,078 #XRP (14,964,074 USD) transferred from #Bitstamp to unknown wallethttps://t.co/t5A7nufTDT

— Whale Alert (@whale_alert) August 23, 2022

The fourth large XRP transaction that took place in the last 24 hours involved an unknown wallet and a Bitso exchange’s address. 

Per Whale Alert, a total of 60 million XRP, worth around $20.87 million, were sent from an unnamed cryptocurrency wallet to an address on Bitso exchange. 

? ? 60,000,000 #XRP (20,873,755 USD) transferred from unknown wallet to #Bitsohttps://t.co/tixRXF68rJ

— Whale Alert (@whale_alert) August 23, 2022

The most recent large XRP shuffling in the last 24 hours involved leading cryptocurrency exchange Bitso again. According to Whale Alert, 63.9 million XRP coins, worth approximately $22.31 million, were sent from the exchange to an unknown wallet. 

? ? 63,900,000 #XRP (22,308,099 USD) transferred from #Bitso to unknown wallethttps://t.co/DJy5kkAZ9h

— Whale Alert (@whale_alert) August 23, 2022

Over the last 24 hours, Whale Alert tracked the movement of 346,913,078 (346.91 million) worth $119.23 million at the current exchange rate. 

There has been a series of large XRP transfers in recent times. Large XRP transfers running to billions of dollars have been recorded this month alone. Interestingly, these transactions will continue to skyrocket following massive interest in Ripple-related services.