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<p>The post <a href="https://coinpedia.org/news/xrp-worth-12-6-million-move-to-prominent-exchange-amidst-the-mt-gox-repayment-process/">XRP Whales Make $12.6M Move as Mt. Gox Payouts Continue: Is There a Link?</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a></p> 
<p>In the world of cryptocurrencies, XRP, <a href="https://coinpedia.org/news/ripple-price-analysis-xrp-price-rally-on-cards-ending-a-six-year-december-downturn/">Ripple Labs Inc.’s</a> digital asset, has recently grabbed headlines due to some significant whale transactions. A notable event occurred when a large transfer of 20 million XRP tokens, valued at $12.6 million, was made to a leading exchange.</p> 
<p>Coincidentally, this activity aligns with the unfolding news of compensation payments from the long-dormant Mt. Gox exchange. What’s the link we’re missing here?</p> 
<h2 class="wp-block-heading" id="h-mystery-around-xrp-moves">Mystery Around XRP Moves</h2> 
<p>The identity of the sender behind this 20 million <a href="https://coinpedia.org/price-prediction/xrp-ripple-price-prediction/">XRP</a> transaction remains unknown. According to Whale Alert, a trusted crypto-tracking platform, the tokens moved from a hidden wallet to Bybit, a prominent crypto exchange.</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
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  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr"><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f6a8.png" alt="🚨" class="wp-smiley" style="height: 1em; max-height: 1em;"> 20,000,000 <a href="https://twitter.com/hashtag/XRP?src=hash&amp;ref_src=twsrc%5Etfw">#XRP</a> (12,592,763 USD) transferred from unknown wallet to <a href="https://twitter.com/hashtag/Bybit?src=hash&amp;ref_src=twsrc%5Etfw">#Bybit</a><a href="https://t.co/Oi79kj7j7s">https://t.co/Oi79kj7j7s</a></p>— Whale Alert (@whale_alert) <a href="https://twitter.com/whale_alert/status/1739517835196420330?ref_src=twsrc%5Etfw">December 26, 2023</a>
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<p>The crypto world saw more action within a short span of 12 hours. Another transaction involved the movement of 24.9 million XRP tokens, worth $15.3 million, to Bitstamp. This significant transfer could indicate strategic decisions by large holders.</p> 
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   <p lang="en" dir="ltr"><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f6a8.png" alt="🚨" class="wp-smiley" style="height: 1em; max-height: 1em;"> 24,900,000 <a href="https://twitter.com/hashtag/XRP?src=hash&amp;ref_src=twsrc%5Etfw">#XRP</a> (15,344,041 USD) transferred from unknown wallet to <a href="https://twitter.com/hashtag/Bitstamp?src=hash&amp;ref_src=twsrc%5Etfw">#Bitstamp</a><a href="https://t.co/OHEdrrwwNv">https://t.co/OHEdrrwwNv</a></p>— Whale Alert (@whale_alert) <a href="https://twitter.com/whale_alert/status/1737933162083168559?ref_src=twsrc%5Etfw">December 21, 2023</a>
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<p>Shortly after, 25.2 million XRP tokens, with a market value of $15.54 million, were transferred to Bitso, a key crypto trading platform.</p> 
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  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr"><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f6a8.png" alt="🚨" class="wp-smiley" style="height: 1em; max-height: 1em;"> 25,200,000 <a href="https://twitter.com/hashtag/XRP?src=hash&amp;ref_src=twsrc%5Etfw">#XRP</a> (15,540,992 USD) transferred from unknown wallet to <a href="https://twitter.com/hashtag/Bitso?src=hash&amp;ref_src=twsrc%5Etfw">#Bitso</a><a href="https://t.co/T2DuXedFgm">https://t.co/T2DuXedFgm</a></p>— Whale Alert (@whale_alert) <a href="https://twitter.com/whale_alert/status/1737933306472120509?ref_src=twsrc%5Etfw">December 21, 2023</a>
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<p>Read More: <a href="https://coinpedia.org/price-analysis/ripple-price-breaks-its-key-resistance-level-is-xrp-price-about-to-explode/">Ripple Price Breaks Its Key Resistance Level! Is XRP Price About To Explode?</a></p> 
<h2 class="wp-block-heading" id="h-mt-gox-news-impacts-market"><strong>Mt. Gox News Impacts Market</strong></h2> 
<p>These notable transactions coincided with developments from <a href="https://coinpedia.org/news/mt-gox-creditors-reportedly-receiving-long-awaited-repayments-after-nearly-a-decade/">Mt. Gox</a>, a previously bankrupt exchange. Mt. Gox has started compensating its users, with reports indicating refunds in Japanese yen via PayPal, as highlighted by Coinpedia News.</p> 
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   <a href="https://www.reddit.com/r/mtgoxinsolvency/comments/18qxw4z/i_just_got_paid/">I just got paid</a>
   <br> by<a href="https://www.reddit.com/user/Free-End2543/">u/Free-End2543</a> in<a href="https://www.reddit.com/r/mtgoxinsolvency/">mtgoxinsolvency</a>
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<p>Following these updates, the broader crypto market experienced shifts. Bitcoin reached a weekly low of $42,450, and XRP saw a 3.6% decrease since the start of the day. Overall, the cryptocurrency market witnessed a 1.7% decline, amounting to a total loss of $27.7 billion in market capitalization.</p> 
<p>In summary, the recent whale activities and Mt. Gox developments have added intrigue to the crypto landscape.</p>

XRP Whales Make $12.6M Move as Mt. Gox Payouts Continue: Is There a Link?

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