As a seasoned crypto investor with a keen interest in XRP, I find the recent mysterious XRP transfers from Binance to unknown wallets intriguing. While the price of XRP demonstrated only a marginal decline, two anonymous whales managed to withdraw substantial amounts totaling 44 million XRP between them.
Whale Alert, a well-known blockchain monitor, has reported the existence of two unidentified cryptocurrency giants, collectively holding approximately 44 million XRP.
During this time, the XRP price experienced a modest decrease of nearly 4%.
Two unidentified whales withdrew a total of 43,917,681 XRP from Binance exchange, valued at approximately $12,153,891 and $10,603,607 at the time of the transactions.
Recent XRP withdrawals from Binance
Anonymous large-scale investors, referred to as whales, have been consistently withdrawing significant amounts of XRP from Binance. The transaction sizes are comparable to those previously reported.
As an analyst examining data from Bithomp, a cryptocurrency explorer specialized in XRP transactions, I’ve uncovered some intriguing details. The information provided reveals that certain anonymous wallets associated with these transfers are connected to Binance. Consequently, the recent string of large-scale XRP transfers can be interpreted as internal transactions orchestrated by the leading global crypto trading platform itself.
30.5 million XRP headed for Bitstamp
Whale Alert also reported that a hefty transaction carrying 30,350,000 XRP was made to large digital currency exchange Bitstamp. The transfer was made by an unknown wallet and was worth $15,920,021 in fiat at the time it was made.
Based on Bitstomp’s analysis, the transaction originated from a wallet associated with Ripple Labs, a prominent player in the industry. Notably, Bitstamp is one of several crypto exchanges partnering with Ripple for its payment solution, formerly called On-Demand Liquidity (ODL), until its name change in early autumn last year.
I analyze systems and technologies, including the one now known as Ripple Payments. This platform operates through RippleNet and employs XRP to facilitate swift and affordable transactions. You can access and utilize this functionality via trusted cryptocurrency exchanges.
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2024-04-29 17:56