2024

Millions

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<p lang="en-GB" xml:lang="en-GB">Prominent cryptocurrency tracker Whale Alert has detected that a mysterious whale continues to transfer millions of <a href="https://u.today/xrp-paints-unexpected-reversal-pattern" rel="noopener noreferrer nofollow">XRP</a> coins from the world’s largest cryptocurrency exchange in terms of trading volume – Binance.</p>
<p lang="en-GB" xml:lang="en-GB">Over the past 24 hours, this whale has made four massive transactions, withdrawing 77.7 million XRP.</p>
<p lang="en-GB" xml:lang="en-GB">In the meantime, the XRP price is retracing from a 20% surge demonstrated at the start of the week.</p>
<h2 id="77-7-million-xrp-on-move-whale-behind-this-revealed">77.7 million XRP on move, whale behind this revealed</h2>
<p lang="en-GB" xml:lang="en-GB">In a new development, two anonymous wallets have made four transactions, removing almost 78 million XRP from the Binance exchange. These 77.7 million XRP are the equivalent of $55.6 million in monetary terms. Such transactions have been going on for <a href="https://u.today/mysterious-xrp-shift-from-binance-continues-in-18-million-xrp-stashes" rel="noopener noreferrer nofollow">several consecutive weeks already</a>, mystifying the cryptocurrency community.</p>
<blockquote>
 <p lang="en" dir="ltr">🚨 19,749,927 <a href="https://twitter.com/hashtag/XRP?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#XRP</a> (13,617,747 USD) transferred from <a href="https://twitter.com/hashtag/Binance?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Binance</a> to unknown wallet<a href="https://t.co/KOiTo5Bhup" rel="noopener noreferrer nofollow">https://t.co/KOiTo5Bhup</a></p>— Whale Alert (@whale_alert) <a href="https://twitter.com/whale_alert/status/1767470728620728708?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">March 12, 2024</a>
</blockquote>
<p lang="en-GB" xml:lang="en-GB">Data revealed by XRP-focused explorer Bithomp shows that behind these “anonymous” transfers were wallets linked to Binance itself. Therefore, they are likely to be internal transactions performed by Binance as it redistributed its XRP holdings among new wallets.</p>
<h2 id="ripple-moves-20-million-xrp-to-bitstamp">Ripple moves 20 million XRP to Bitstamp</h2>
<p lang="en-GB" xml:lang="en-GB">Whale Alert also spotted a 19,749,927 XRP lump transferred to major cryptocurrency exchange Bitstamp with offices in the U.S. and Europe. This XRP chunk is evaluated at $14,447,036.</p>
<blockquote>
 <p lang="en" dir="ltr">🚨 19,800,000 <a href="https://twitter.com/hashtag/XRP?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#XRP</a> (14,447,036 USD) transferred from unknown wallet to <a href="https://twitter.com/hashtag/Bitstamp?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Bitstamp</a><a href="https://t.co/Jbc0ak0oJb" rel="noopener noreferrer nofollow">https://t.co/Jbc0ak0oJb</a></p>— Whale Alert (@whale_alert) <a href="https://twitter.com/whale_alert/status/1767272849876689017?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">March 11, 2024</a>
</blockquote>
<p lang="en-GB" xml:lang="en-GB">The above-mentioned Bithomp platform revealed that the sender wallet is related to San Francisco-based cryptocurrency decacorn Ripple Labs. Bitstamp, where the funds were transferred, is one of the exchanges that collaborates with Ripple on its blockchain payments project running on Ripple Net, leveraging XRP for fast and low-cost transnational payments.</p>

Mysterious XRP Whale Who Keeps Withdrawing Millions From Binance Revealed

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