Billion

<figure> 
 <figcaption>
 Cover image via <a href="https://u.today/" rel="noopener noreferrer nofollow">U.Today</a> 
 </figcaption> 
</figure> 
While XRP is trading at a discount, two unknown whales have withdrawn more than 850 million XRP in merely two transfers from EU-based crypto exchange Bitvavo, per recent tweets published by Whale Alert. 
The first XRP chunk was moved on Friday, the second one earlier today. Besides, someone is selling nearly 30 million XRP on another major exchange based in the EU. 
In the meantime, XRP continues to trade sideways; however, over the past 24 hours, the price slumped a little, losing approximately 2.34% of its value. 
<h2 id="850-million-xrp-on-the-move-here-s-what-s-driven-it">850 million XRP on the move, here's what's driven it</h2> 
Crypto tracking bot Whale Alert has spread the word that over the past 24 hours, it has spotted two massive XRP transfers, which carried tens and hundreds of <a href="https://u.today/millions-of-xrp-on-move-as-price-weighs-next-move" rel="noopener noreferrer nofollow">millions of XRP tokens</a>. 
The bigger one transferred a total of 425,118,503 XRP, moving this tremendous lump of crypto from the Bitvavo exchange to an unknown wallet. 
<blockquote class="twitter-tweet"> 
 🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 425,118,503 <a href="https://twitter.com/hashtag/XRP?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#XRP</a> (224,906,760 USD) transferred from <a href="https://twitter.com/hashtag/Bitvavo?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Bitvavo</a> to unknown wallet<a href="https://t.co/Jv67sXQGAJ" rel="noopener noreferrer nofollow">https://t.co/Jv67sXQGAJ</a>— Whale Alert (@whale_alert) <a href="https://twitter.com/whale_alert/status/1695816256706818183?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">August 27, 2023</a> 
</blockquote> 
This is the equivalent of $224,906,760 USD. A similar amount of XRP&nbsp;— 425,868,525 coins&nbsp;— <a href="https://u.today/4258-million-xrp-bought-by-anon-whale-as-price-strives-to-break-0535-resistance" rel="noopener noreferrer nofollow">was transferred from Bitvavo on Friday</a>, Aug. 25, making it almost a whopping billion XRP (more than 950 million tokens) that was withdrawn to anonymous digital wallets from that crypto exchange. 
<blockquote class="twitter-tweet"> 
 🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 425,868,525 <a href="https://twitter.com/hashtag/XRP?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#XRP</a> (220,143,198 USD) transferred from <a href="https://twitter.com/hashtag/Bitvavo?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Bitvavo</a> to unknown wallet<a href="https://t.co/f2bJvcoRXc" rel="noopener noreferrer nofollow">https://t.co/f2bJvcoRXc</a>— Whale Alert (@whale_alert) <a href="https://twitter.com/whale_alert/status/1695091720143188343?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">August 25, 2023</a> 
</blockquote> 
However, according to data shared by XRP-focused platform Bithomp, both these staggering XRP lumps were moved to addresses associated with the Bitvavo exchange, making these transfers nothing but Bitvavo redistributing its XRP bags among internal wallets. 
<h2 id="close-to-30-million-moved-to-be-sold">Close to 30 million moved to be sold</h2> 
The aforementioned crypto tracker also detected a <a href="https://u.today/xrps-suspicious-calmness-could-be-crucial-signal" rel="noopener noreferrer nofollow">hefty amount of XRP</a> deposited to a crypto exchange with an intention that seems to be a future sale&nbsp;— a total of 28,400,000 XRP was moved to major exchange Bitstamp. This amount of Ripple-affiliated crypto is worth $14,921,752. 
Thus, 879.3 million XRP coins have been on the move overall over the past weekend.

Almost Billion XRP Withdrawn from Crypto Exchange in Past Two Days, Price Drops 2.34%

Table of Contents

U_Today

Other articles published on Aug 28, 2023

NFTs Hit by SEC, Crypto Mom Speaks Out

Laos to Stop Electricity Supply for Crypto Miners

Why Famous Fox Federation (NFT) is Gaining Traction: Know Details

Tezos (XTZ) Price Prediction 2024, 2025, 2026-2030

Trillions of Shiba Inu (SHIB) Shifted From Exchanges in Major Move

Shiba Inu Lead Shytoshi Kusama Says Shibarium Ready for Prime Time

Join our free newsletter for daily crypto updates!