Massive amounts of XRP have continued to be shuffled by Ripple whale investors.Â
Whale Alert, a platform that tracks large cryptocurrency transfers, has observed yet another movement of hundreds of millions of Ripple (XRP) over the past 24 hours. The transactions were made by unknown whales.Â
In the past 24 hours, these unknown whales transferred a total of 226,378,630 million XRP worth $180.77 million, at the current exchange rate.Â
Nine hours ago, Whale Alert observed the movement of 26 million XRP ($10.98 million) from an unknown wallet to Ripple’s On-Demand Liquidity (ODL) partner Bitstamp.Â
? 26,000,000 #XRP (10,987,461 USD) transferred from unknown wallet to #Bitstamphttps://t.co/xTdJpWxk6X
— Whale Alert (@whale_alert) September 28, 2022
A total of 60,378,630 (approximately 60.38 million) XRP were also transferred from Bitstamp to an unknown wallet earlier today. The funds were worth $27.11 million at the time of the transaction.Â
? ? 60,378,630 #XRP (27,117,305 USD) transferred from #Bitstamp to unknown wallethttps://t.co/Sz4MyPKR8W
— Whale Alert (@whale_alert) September 28, 2022
An anonymous whale transferred 60 million XRP to the Bitstamp exchange a few moments later, with the funds valued at around $26.94 million.Â
? ? 60,000,000 #XRP (26,947,254 USD) transferred from unknown wallet to #Bitstamphttps://t.co/RBn8StiqM6
— Whale Alert (@whale_alert) September 28, 2022
A Ripple whale also moved a massive amount of XRP to an unknown wallet from the FTX exchange in the early hours of today. According to blockchain data, the anonymous user withdrew the sum of 80 million XRP from the exchange. The funds were evaluated at roughly $35.56 million.Â
? ? ? 80,000,000 #XRP (35,564,493 USD) transferred from #FTX to unknown wallethttps://t.co/SrWflMd6TT
— Whale Alert (@whale_alert) September 27, 2022
XRP Price Dips 2% in 24 Hours
The latest round of XRP transfers comes when the price of XRP has started losing gains from last week’s rally. Recall that XRP spiked to a 4-month high of $0.53 last week.Â
XRP gained momentum after it was speculated across various social media platforms that Judge Analisa Torres would likely rule in favor of Ripple in its ongoing lawsuit with the Securities and Exchange Commission (SEC).Â
At press time, XRP is currently changing hands at $0.43, down 2.5% in the last 24 hours, according to data from cryptocurrency aggregator platform Coingecko.Â
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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