As a seasoned analyst with over two decades of experience in the financial markets, I must say that the recent movement of XRP by Ripple and anonymous whales has piqued my interest. The sheer volume of coins being transferred is reminiscent of the days when whales would move millions of dollars worth of stocks in a single transaction on the New York Stock Exchange.
Over the past twenty hours, a significant quantity of XRP tokens was moved, as reported by the well-known blockchain tracking service Whale Alert. Notably, the two largest transfers were executed by the digital currency titan Ripple, headquartered in San Francisco, which transferred multiple hundreds of millions of XRP coins.
In total 640 million XRP was moved within twelve hours.
Ripple transfers mammoth XRP chunk
According to the information just discussed, this data source provided details about three substantial transactions, with the largest one being made by Ripple, sending an impressive 380 million XRP to a blockchain address that remained unidentified. The value of this cryptocurrency transfer was approximately $915,171,133 when it was executed. This transaction attracted significant attention and anticipation within the community, as people speculated whether it could be linked to the recent approval of Ripple’s USD-backed stablecoin, RLUSD, by regulators.
🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 380,000,000 #XRP (915,171,133 USD) transferred from #Ripple to unknown wallet
— Whale Alert (@whale_alert) December 11, 2024
According to information disclosed by the XRP-centric Bithumb explorer, it was found that Ripple transferred 380 million XRP to a wallet that is linked to Ripple and remains anonymous.
As a researcher, I’ve observed an intriguing transaction: a transfer of approximately 200 million XRP, equivalent to around 485.38 million USD, from an unidentified source wallet to another unidentified destination wallet. The exchange took place on the blockchain, leaving no room for ambiguity about its occurrence. This significant movement of funds warrants further analysis to understand its potential implications in the broader context of the XRP market.
— Whale Alert (@whale_alert) December 11, 2024
Furthermore, approximately 200 million XRP, valued at around $485 million USD, were moved from one unidentified wallet to another, as confirmed by Bithump. Notably, this transaction occurred between Ripple-associated wallets. Consequently, during this timeframe, the cryptocurrency giant Ripple transferred a total of 580 million XRP.
Anonymous whales move 60,000,000 XRP
As a crypto investor, I noticed that the third and relatively minor transaction involved 60 million XRP, equating to approximately $145.5 million. Additionally, I observed numerous transactions taking place between unidentified digital wallets, involving tens of millions of coins each.
In total, today up until now, the platform Whale Alert has observed transactions amounting to approximately 1.545 billion dollars in XRP.
Over the past two days, the fourth largest cryptocurrency XRP has demonstrated an impressive 25.74% increase, which was down to the above-mentioned RLUSD approval for listing on crypto trading venues. XRP surged from $1.92 and is changing hands at $2.24 at the time of writing this article.
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2024-12-12 13:02