Whale Alert reports the latest round of hefty XRP transfers.
In the latest round of hefty XRP transfers, Whale Alert saw 492,942,004 (492.94 million) Ripple tokens transferred by high-net-worth investors in the past 24 hours.
It is worth noting that these large XRP transfers took place a few hours after Ripple locked a total of 1.2 billion XRP in its Escrow wallet.
According to the cryptocurrency whale tracking service, 67,509,674 (67.5 million) XRP were transferred from FTX to an address on Binance in three different transactions. At the time of the transaction, the 67.5 million XRP coins were worth around $30.42 million.
🚨 22,487,697 #XRP (10,166,886 USD) transferred from #FTX to #Binancehttps://t.co/aPDoird90b
— Whale Alert (@whale_alert) November 2, 2022
🚨 22,487,697 #XRP (10,172,360 USD) transferred from #FTX to #Binancehttps://t.co/2KS5U4AWj8
— Whale Alert (@whale_alert) November 2, 2022
🚨 22,534,280 #XRP (10,190,359 USD) transferred from #FTX to #Binancehttps://t.co/9WHAZhUX61
— Whale Alert (@whale_alert) November 2, 2022
Interestingly, the Binance user moved a total of 68,761,155 (68.7 million) XRP worth about $31 million to an unknown wallet. The huge transfer took place in three different transactions.
🚨 22,501,910 #XRP (10,184,943 USD) transferred from #Binance to unknown wallethttps://t.co/tzf2UhURWq
— Whale Alert (@whale_alert) November 2, 2022
🚨 22,487,973 #XRP (10,172,485 USD) transferred from #Binance to unknown wallethttps://t.co/Glc1LWZ0da
— Whale Alert (@whale_alert) November 2, 2022
🚨 23,771,272 #XRP (10,749,746 USD) transferred from #Binance to unknown wallethttps://t.co/GTcJgDX7hE
— Whale Alert (@whale_alert) November 2, 2022
Fourteen hours ago, 25 million XRP coins ($11.51 million) were deposited to an address on Bitstamp exchange, a partner of Ripple’s On-Demand Liquidity (ODL) service.
🚨 25,000,000 #XRP (11,513,950 USD) transferred from unknown wallet to #Bitstamphttps://t.co/U9Abnweh4N
— Whale Alert (@whale_alert) November 2, 2022
An anonymous whale moved 140 million XRP from one unknown wallet to another. The transaction was worth $62.97 million when Whale Alert reported it.
🚨 🚨 🚨 🚨 🚨 🚨 140,000,000 #XRP (62,973,690 USD) transferred from unknown wallet to unknown wallethttps://t.co/xujjXYTHdP
— Whale Alert (@whale_alert) November 2, 2022
Furthermore, an unknown whale transferred 25 million XRP coins (approximately $11.3 million) to an address on the Bitstamp cryptocurrency exchange.
🚨 25,000,000 #XRP (11,299,944 USD) transferred from unknown wallet to #Bitstamphttps://t.co/jzv1wUE8dZ
— Whale Alert (@whale_alert) November 2, 2022
Whale Alert also reported that 23,371,175 (23.37 million) XRP tokens worth $10.56 million were withdrawn by an unknown whale from the Bitstamp cryptocurrency exchange.
🚨 23,371,175 #XRP (10,563,718 USD) transferred from #Bitstamp to unknown wallethttps://t.co/X2j64gfjVU
— Whale Alert (@whale_alert) November 2, 2022
Sixty million XRP coins ($27.34 million) were moved from an unknown wallet to an address on the Bitso exchange.
🚨 🚨 60,000,000 #XRP (27,347,323 USD) transferred from unknown wallet to #Bitsohttps://t.co/Hc8jTygn15
— Whale Alert (@whale_alert) November 2, 2022
An hour later, 83.4 million XRP ($37.82 million) were withdrawn from the Bitso exchange by an anonymous whale.
🚨 🚨 🚨 83,400,000 #XRP (37,820,802 USD) transferred from #Bitso to unknown wallethttps://t.co/aeG1EcqVYA
— Whale Alert (@whale_alert) November 3, 2022
Increased Whales Interest in XRP
Whales’ interest in XRP has continued to spike as events in the SEC lawsuit seem to be going in Ripple’s favor. As reported, several enterprises have pledged their support for Ripple by filing amicus briefs supporting the company’s summary judgment motion.
Cryptillian Payment Systems, an online digital wallet service, has also requested to file an amicus brief in Ripple’s favor.
#XRPCommunity #SECGov v. #Ripple #XRP Cryptillian Payment Systems, an online digital wallet service for retail customers and commercial retail businesses using XRP, asks to file an Amicus Brief supporting Ripple’s Opposition to the SEC’s Motion for SJ.https://t.co/brFjNVmUmq
— James K. Filan 🇺🇸🇮🇪 123k (beware of imposters) (@FilanLaw) November 3, 2022
At press time, XRP is changing hands at $0.45. Although the price is nothing compared to its previous $3.4, many expect XRP to soar above its previous high once the lawsuit ends in Ripple’s favor.
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Source: https://thecryptobasic.com/2022/11/03/492m-xrp-on-the-move-among-binance-ftx-bitstamp-and-whales/?utm_source=rss&utm_medium=rss&utm_campaign=492m-xrp-on-the-move-among-binance-ftx-bitstamp-and-whales