X/Twitter

2024

Millions

<figure>
 <figcaption>
 Cover image via <a href="https://u.today/" rel="noopener noreferrer nofollow">U.Today</a>
 </figcaption>
</figure>
Cryptocurrency tracker Whale Alert has detected a <a href="https://u.today/390-million-xrp-unloaded-on-major-korean-exchange-in-epic-whale-move" rel="noopener noreferrer nofollow">massive lump of XRP coins</a> transferred to one of the leading crypto exchanges, Bitstamp.
This transfer made ripples within the Ripple community as many commentators shared their takes under the tweet as to the nature of this transaction.
<h2 id="millions-of-xrp-on-move-sender-unveiled">Millions of XRP on move, sender unveiled</h2>
The aforesaid data source shared that, approximately 15 hours ago, an anonymous whale transferred a total of 28,940,000 Ripple-affiliated XRP coins. The destination was major cryptocurrency trading platform Bitstamp. This amount of cryptocurrency is evaluated at $14,229,498.
The XRP army started a heated discussion about the possible seller of this large XRP chunk. One X/Twitter user suggested that the anonymous sender was none other than Ripple Labs, transferring a multi-million XRP lump to one of its payments platforms (“Ripple Payments” used to be known as On-Demand Liquidity [ODL] until last October) – Bitstamp.
<blockquote>
 Ripple to ODLXRP Sourced from Ripple holdings, Binance, and Bitgo.— XRP_LIQUIDITY (@XRPwallets) <a href="https://twitter.com/XRPwallets/status/1780414382830162199?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">April 17, 2024</a>
</blockquote>
Data provided by XRP explorer Bithomp has confirmed this assumption by sharing the details of the transfer on its website.
<h2 id="258-million-xrp-moved-to-and-from-binance">258 million XRP moved to and from Binance</h2>
The same cryptocurrency tracker as above shared that approximately 21 hours ago, it registered four even larger XRP transfers, with one of them being a gigantic one. These hundreds of millions of XRP circulated between anonymous wallets and the Binance exchange.
Three transactions, <a href="https://u.today/3333-million-xrp-mysteriously-departs-major-exchange-for-enigmatic-whale" rel="noopener noreferrer nofollow">carrying roughly 33,333,329 XRP each</a> (and worth approximately $16,280,840 each), were sent to the above-mentioned crypto exchange. After hitting the anonymous wallet, XRP was transferred to leading Korean platforms Bithumb and Upbit. No particular data regarding the whale's identity was shared.
<blockquote>
 🚨 33,333,330 <a href="https://twitter.com/hashtag/XRP?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#XRP</a> (16,280,841 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/5TlmYXd9hk" rel="noopener noreferrer nofollow">https://t.co/5TlmYXd9hk</a>— Whale Alert (@whale_alert) <a href="https://twitter.com/whale_alert/status/1780224779099758979?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">April 16, 2024</a>
</blockquote>
Meanwhile, a mammoth XRP amount of 158,473,000 XRP was withdrawn from Binance to an unknown blockchain wallet. This XRP lump is evaluated at $77,333,753.
<blockquote>
 🚨 🚨 🚨 🚨 158,473,000 <a href="https://twitter.com/hashtag/XRP?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#XRP</a> (77,333,753 USD) transferred from unknown wallet to <a href="https://twitter.com/hashtag/Binance?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Binance</a><a href="https://t.co/LfuKq07FZp" rel="noopener noreferrer nofollow">https://t.co/LfuKq07FZp</a>— Whale Alert (@whale_alert) <a href="https://twitter.com/whale_alert/status/1780223303967220065?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">April 16, 2024</a>
</blockquote>
This was not the largest XRP transfer spotted by Whale Alert this week. On April 15, the tracker registered a mind-blowing transfer of 390,869,591 XRP made to large South Korean exchange Bithumb.
Since Saturday, the XRP price has been making numerous attempts to recover from its tremendous 29% collapse faced on Friday. Since the weekend, <a href="https://www.tradingview.com/symbols/XRPUSD/" rel="noopener noreferrer nofollow">XRP has recovered by 14.85%</a>. However, the seventh largest cryptocurrency, XRP has been moving sideways on the chart.

Mysterious Whale Sends Millions of XRP to Bitstamp, Stirring XRP Army

Table of Contents

U_Today

Other articles published on Apr 17, 2024

2 Days to Bitcoin Halving: How Will It Affect Meme Coins Like Shiba Inu (SHIB) and Furrever Token...

JD.com Boosts AI Use; Founder’s Avatar Hosts Live Streams

Why Past Bitcoin Halvings May Not Predict Future Prices: Goldman’s Warns

On-chain data — The missing link in Web3 advertising

BlockDAG Beats Polygon Adoption & TRX Price Predictions With Over 4600 Miners Sold and Moon Video...

What’s Behind Today’s Major Crypto Market Drop?

Join our free newsletter for daily crypto updates!