XRP Whales transfers an immense 971.5 tokens: Know the details

• Ripple whales have transferred a massive amount of about 975.1 million XRP.
• The transfer was done in not more than two hours.
• The information was given by the Twitter post of Whale Alert

In line with Whale Alert, one of the largest and fastest-growing crypto communities, Ripple whales have transferred a massive amount of about 975.1 million XRP in not more than two hours. The biggest transaction that was listed was 500 million XRP, which is estimated at $230.36 million. The amount was transferred from an anonymous wallet to a Ripple Escrow wallet.

After this transaction, comes another transaction of 300 million XRP which is estimated at $138.56 million. This transaction was also done by an unknown wallet to the platform. As per the largest and fastest-growing crypto community, 500 million XRP tokens were quickly locked in “escrow.” Escrow is a feature that permits users to place conditional crypto payments at the Ripple Escrow wallet. Moreover, 200 million XRP tokens were also locked in escrow at an unknown wallet.

In line with the Whale Alert, the amount of 54.23 million XRP, which is estimated about $25 million was transferred to the Mexico-based cryptocurrency exchange Bisto from anonymous wallets. According to data, a whale transferred 60 million XRP, which was estimated at about $28 million from an unknown wallet to the Luxembourg-based crypto exchange Bitstamp. That very address transferred 60.9 million XRP whose value is about $28.4 million to an anonymous wallet only 21 seconds after getting the assets. 

As per CoinMarketCap, a crypto data provider, XRP is presently trading at $0.46 at the press time, low by about 0.1% in the last 24 hours. As reported by a reliable media source, the holders of XRP who have more than one million tokens strike an all-time high (ATH) of 1,894 wallets. 

Source: https://www.thecoinrepublic.com/2022/11/05/xrp-whales-transfers-an-immense-971-5-tokens-know-the-details/