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HomeCrypto NewsMarketOver 844 Million XRP Shuffled Among Ripple, Famous Exchanges, and Unknown Wallets in 24 Hours 

Over 844 Million XRP Shuffled Among Ripple, Famous Exchanges, and Unknown Wallets in 24 Hours 

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The amount of large Ripple (XRP) transactions has continued to skyrocket in recent times. 


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According to Whale Alert, a total of 844.05 million XRP coins, worth $315.67 million, have been shuffled among Ripple, cryptocurrency exchanges, and unknown wallets. 

These large XRP movements involved popular cryptocurrency exchanges like Binance, FTX, Bitstamp, Bitso, etc. 

Details of the Transactions

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Sharing the details of these massive XRP transfers that took place in the last 24 hours, the first transaction involved an unknown wallet and FTX. Per Whale Alert, 31,769,271 (31.7M) XRP coins worth $12.19 million were transferred from FTX to an unknown wallet. 

A few hours later, the whale tracking service observed the movement of 30 million XRP ($11.29 million) sent from an unnamed crypto wallet to an address on the Bitstamp exchange. 

In what is considered the largest XRP transaction that took place in the last 24 hours, a total of 295,500,011 (295.5 million) XRP moved from an unknown wallet to Binance, the world’s largest exchange. The funds were worth $110.6 million at the time of the transaction. 

Interestingly, a large amount of XRP coins were shuffled between two unknown wallets. According to Whale Alert, a total of 286,122,733 XRP coins valued at around ($106.64 million) were transferred from one unknown wallet to another. 

Meanwhile, Ripple was also involved in the latest round of XRP shuffling that took place in the last 24 hours. This time, Ripple transferred 50 million XRP worth $18.88 million at the time of the transaction to an unknown wallet. 

Notably, XRP transfers made by Ripple are done to service On-Demand Liquidity (ODL) clients amid rising demand. 

Earlier today, an unknown wallet made a transfer of 45 million XRP ($17.14 million) to an address on the Bitstamp exchange. 

However, it did not take long before 55,653,202 (55.65 million) XRP coins were moved from a Bitstamp address to an unknown wallet. The funds were worth $21.2 million at the time. 

In a similar development, another Ripple whale sent 50 million XRP to the Bitso exchange. According to blockchain data from Whale Alert, the funds were worth $19.05 million at the time of the transaction. 

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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Mark Brennan
Mark Brennanhttps://thecryptobasic.com/
Mark Brennan has been active in the cryptocurrency sector since 2014. His love and passion for the nascent industry drove him to develop interest in writing about important developments and updates about cryptocurrencies and blockchain. Brennan, who holds a Masters degree in Business Administration, learned about the potential of blockchain technology. Aside from crypto journalism, Brennan runs an education center, where he educates people about the asset class.

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