Monday, December 5, 2022
HomeCrypto NewsMarket395 Million XRP Moved By Ripple Whales As XRP Becomes Week's Top...

395 Million XRP Moved By Ripple Whales As XRP Becomes Week’s Top Gainer

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Ripple whales transferred another large volume of XRP coins.

As the price of Ripple (XRP) continues to rally, whale investors have been transferring large volumes of XRP. Whale Alert, a crypto whale tracking service, observed these large XRP transactions in 24 hours. 

According to the whale tracking platform, high net worth XRP investors have moved a combined 395,223,746 (395.2million) XRP in the past 24 hours. The 395.2 million Ripple coins moved are worth $197.61 million at the current exchange rates.

Details of the Transaction

Six hours ago, an anonymous whale transferred 54.1 million XRP worth around $24.56 million from a Bitso address to an unknown wallet.

In a similar development, another anonymous Ripple whale transferred 30 million XRP ($14.76 million) to an unknown wallet from Bitstamp.

Twenty-five million XRP worth $12.33 million were deposited to Bitstamp by an unknown Ripple whale, while 54,123,746 were withdrawn from the exchange by another anonymous user.

Furthermore, 60 million XRP ($29.64 million) were deposited to Bitstamp by another anonymous Ripple whale a few hours later.

In this latest round of XRP transfers, 40 million XRP coins were deposited to Bitso, an official partner of Ripple’s ODL service, by an unknown whale.

The largest XRP transfer occurred was between two unknown whales in the last 24 hours. According to Whale Alert, 132 million XRP, valued at around $61.93 million at the time of the transaction, were sent from one unknown wallet to another.

Week’s Top Gainer:

According to Coinmarketcap, XRP started the week at $0.36 and is now trading at $0.49, becoming the week’s top gainer with 41% returns.

XRP top gainer of the week
XRP top gainer of the week

XRP return on investment is 8295.65%, up 17497.62% from the all-time low price of $0.002802.

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Lele Jima
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.

Disclaimer: The content is for informational purposes only, 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.

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