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HomeCrypto NewsMarketWhopping 742 Million Ripple (XRP) Worth $246M Shuffled In 24 Hours

Whopping 742 Million Ripple (XRP) Worth $246M Shuffled In 24 Hours

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Albert Brown

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Whale Alert reported massive XRP transactions.


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In the past 24 hours, Whale Alert, a leading large cryptocurrency transaction tracker, has observed the shuffling of Ripple (XRP), transferred between top cryptocurrency exchanges and unknown wallets. 

The recent huge XRP transactions saw the movement of 742,471,122 (742 million) XRP coins over the last 24 hours; shortly after 500 million XRP were withdrawn from Kraken to an unknown wallet, the funds were worth $247.46 million at the current exchange rate. 

Details of the Transaction

As reported by Whale Alert, the first transaction occurred roughly 16 hours ago, involving an address on the Crypto.com exchange and an unknown wallet. According to Whale Alert, a total of 50 million XRP, worth $16.47 million at the time of the transaction, were sent from Crypto.com to an unknown wallet. 

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Two hours later, Whale Alert observed the movement of another large XRP transfer from FTX to an anonymous address. This time, 160 million XRP coins valued at around $52.9 million were sent from an FTX address to an unknown address. 

At the same time, 48 million XRP were sent from an anonymous wallet to an address on the Bitstamp exchange. The funds were worth $15.74 million when the transaction was made. 

Roughly 10 hours ago, an unusual massive transaction involving XRP was spotted by Whale Alert. Per the cryptocurrency whale tracker, 176.5 million XRP worth $58.6 million were transferred from an unknown wallet to another unknown wallet. 

Furthermore, 40 million XRP ($13.44 million) were also sent to the Bitso exchange from an unknown wallet, suggesting a possible sale of the coins on the trading platform.  

In addition, another 60 million XRP coins ($19.99 million) were sent to the Bitso exchange from an unknown wallet. 

Another similar transaction occurred almost simultaneously, with 55 million XRP ($18.49 million) sent to Bitstamp from an unknown wallet. 

Moments later, 52,971,122 (52.97 million) XRP, worth $17.65 million, were sent from Bitstamp to an unknown wallet. 

Finally, a lump sum of 100 million XRP ($33.25 million) was sent to an unknown wallet from Bitso.  

In total, 742,471,122 (742 million) XRP coins moved in one day.

Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.

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Author

Albert Brown
Albert Brownhttps://thecryptobasic.com/
Albert Brown is a cryptocurrency investor and journalist who has been in the nascent space since 2017. His love and passion for technological innovations made him delve deeper into the world of blockchain and cryptocurrencies. As a journalist, Brown has written on several crypto-related topics that have been referenced by popular industry players like Tyler Winklevoss, Binance CZ, etc.

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