<ul><li>In the latest transaction, Ripple transferred a staggering 29,600,000 XRP which is equivalent to $14,525,944, to Bitstamp.</li><li>This transfer comes after Ripple received a whopping 100,000,000 XRP from a wallet marked as “unknown” by Whale Alert.</li><li>RIpple has previously moved 100 million of the One billion XRP that was unlocked on September 1 from Ripple’s escrow system</li></ul>In a recent development, cryptocurrency tracker Whale Alert has detected a substantial transfer of XRP from an anonymous wallet to the centralized crypto exchange Bitstamp. The sending wallet reportedly belongs to Ripple, a blockchain company based in San Francisco. As per the report of the analytic platform Whale Alert, Ripple has been consistently moving substantial quantities of XRP to Bitstamp over the past two months.<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/4894b40dd709425cbd3ad0e970abf218.png" />In this latest <a href="https://whale-alert.io/transaction/ripple/F0A7AED41744B12B29011129A16601C60966E9D296930CA169B13E1A3DF0B41B" rel="noopener noreferrer nofollow">transaction</a>, Ripple transferred a staggering 29,600,000 XRP, equivalent to $14,525,944, to Bitstamp. These transfers of XRP in lumps have raised questions about Ripple&#39;s intentions and the possible implications for the XRP market.Interestingly, this transfer follows another noteworthy transaction over the weekend when Ripple <a href="https://twitter.com/whale_alert/status/1703054497684070441" rel="noopener noreferrer nofollow">received</a> a whopping 100,000,000 XRP from a wallet marked as &#34;unknown&#34; by Whale Alert. However, the Bithomp analytics platform revealed that the sender was SideShift, a Canada-based crypto exchange.The motives behind this transfer remain unclear, although historical data has shown that exchanges sometimes move excess XRP received from Ripple back to the company. Ripple could be repurchasing XRP from the secondary market. However, the company has yet to make an official statement regarding these transactions.Read full article at <a href="https://cryptotale.org/massive-xrp-transfer-from-ripple-wallet-to-bitstamp-raises-questions/" rel="noopener noreferrer nofollow">CryptoTale.</a>

Massive XRP Transfer from Ripple Wallet to Bitstamp Raises Questions

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