Unknown investors transfer $74 million worth of XRP tokens in minutes
In three operations, anonymous wallets made transactions with Bitstamp and Bitso exchanges
27.10.2022 - 10:55
242
2 min
0
What’s new? According to Whale Alert, a platform that tracks large cryptocurrency transactions, unknown investors made three transactions to transfer 158 million Ripple (XRP) tokens totaling $74,28 million on October 27. The largest transfer from Luxembourg crypto exchange Bitstamp to an unknown wallet exceeded $32,28 million (more than 68 million XRP tokens).
What else is known about the transfers? Another unknown wallet, on the contrary, put assets on Bitstamp. The transaction amounted to $27,91 million (60 million XRP).
The third transfer of $14,09 million (30 million XRP) was made from an unknown wallet to the Mexican crypto exchange Bitso.
Ripple is a payment protocol for exchanging currencies and making transactions. It is used by government financial institutions in Australia, Canada, and Israel. XRP ranks sixth in the ranking of cryptocurrencies by market capitalization with a figure of $23,558 billion. As of 10:10 UTC, the asset is trading at $0,4696, having gained 1,19% per day, according to Binance.
In September, the popularity of XRP grew by 38% in three months, according to the LunarCrush platform. From September 16 to September 23, the rate of XRP rose by 61% as a result of the possible termination of the US Securities and Exchange Commission’s legal case.
For how the successful outcome of this case could affect the cryptocurrency’s rate, read GetBlock Magazine’s editorial.
Useful material?
Market
Users who have experienced withdrawal problems in the last two days will be eligible to participate
Mar 28, 2024
Market
Last July, a criminal investigation into the exchange was opened by the US authorities
Mar 27, 2024
Market
The unrealized profit from the deal was $8,9 million
Mar 26, 2024
Incidents
The phasing out began on March 25
Mar 25, 2024
Crypto regulations
The new measures must go through additional stages of approval
Mar 25, 2024
Incidents
The popularity of this kind of project launch format has already led to blockchain overload
Mar 20, 2024