Ripple Stuns Market With Mysterious 580 Million XRP Transfer
2024-12-12
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Popular blockchain tracking service Whale Alert spread the word about a staggering amount of XRP coins transferred over the past 20 hours. The largest two of these transactions were made by San Francisco-based crypto behemoth Ripple; it carried several hundred million XRP.
In total, 640 million XRP were moved within 12 hours.
Ripple transfers mammoth XRP chunk
The aforesaid data source revealed the details of three large transactions. The biggest of them was made by Ripple, which sent a whopping 380,000,000 XRP to an anonymous blockchain address. That amount of crypto was worth $915,171,133 at the time the transaction was initiated. The community watched this transaction with sincere interest and enthusiasm, pondering whether it might somehow be connected with the recent regulatory approval of the Ripple USD (RLUSD) stablecoin.
🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 380,000,000 #XRP (915,171,133 USD) transferred from #Ripple to unknown wallethttps://t.co/2HhQMdiNGS
Details shared by the XRP-focused Bithump explorer revealed that the 380 million XRP transferred by Ripple went to an anonymous wallet affiliated with Ripple.
🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 200,000,000 #XRP (485,376,345 USD) transferred from unknown wallet to unknown wallethttps://t.co/4bAfHviqZg
In addition, 200,000,000 XRP were transferred from one unknown wallet to another — the equivalent of $485,376,345. Bithump said that this transaction was also made between Ripple-linked wallets. Therefore, in this period of time, crypto juggernaut Ripple transferred 580,000,000 XRP.
Anonymous whales move 60,000,000 XRP
The third and smallest transfer was 60,000,000 XRP, equal to $145,498,224. Tens of millions of coins were also transferred between anonymous wallets.
Overall, so far today, Whale Alert has witnessed a cumulative transfer of $1.5 billion worth of 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 writing time.