Whale alert reported some major transactions of XRP among whales in august.
Such huge transactions can be a positive development for XRP as it demonstrates the increasing interest in XRP from whale investors.
In August, The Crypto Basic kept reporting about some enormous XRP transactions worth billions of dollars, moved by Ripple, crypto exchanges, and unknown wallets.
Growing Whale XRP Transactions
Interestingly, it has now become routine to see the movement of large amounts of XRP between exchanges and unknown wallets in recent times.
In August alone, whales shuffled XRP worth billions of dollars.
Such a tremendous activity is an optimistic sign for XRP as it displays the prominent appeal of large investors in holding XRP.
404 Million XRP Shuffled in 24 Hours.
Aside from the usual 1 billion tokens unlocked today from Ripple Escrow, as reported by The Crypto Basic, Whale Alert also observed the movement of large XRP among whale investors. Per data shared by Whale Alert, a total of 404 million XRP were shuffled between unknown addresses and some cryptocurrency exchanges.
180M XRP moved from one unknown wallet to another.
? ? ? ? ? 180,000,000 #XRP (58,321,683 USD) transferred from unknown wallet to unknown wallethttps://t.co/LyUKDOyt20
— Whale Alert (@whale_alert) September 1, 2022
One investor moved 50M XRP away from the crypto com exchange.
? 50,000,000 #XRP (16,380,167 USD) transferred from #CryptoCom to unknown wallethttps://t.co/N5qlcGFoUv
— Whale Alert (@whale_alert) September 1, 2022
Roughly three hours ago, a total of 40 million XRP ($13 million) were sent to the Bitstamp exchange, while 60 million XRP coins ($19.6 million) were also moved from another unknown wallet to Bitso.
? 60,000,000 #XRP (19,608,844 USD) transferred from unknown wallet to #Bitsohttps://t.co/l4P0fUsTDu
— Whale Alert (@whale_alert) September 1, 2022
? 40,000,000 #XRP (13,018,194 USD) transferred from unknown wallet to #Bitstamphttps://t.co/zvwFfPjsxN
— Whale Alert (@whale_alert) September 1, 2022
74.6 million XRP coins, worth around $24.45 million at the time of the transaction, were sent from the Bitso exchange to an unknown wallet.
? ? 74,600,000 #XRP (24,449,887 USD) transferred from #Bitso to unknown wallethttps://t.co/O3fnlSFaOu
— Whale Alert (@whale_alert) September 1, 2022
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Source: https://thecryptobasic.com/2022/09/01/xrp-becoming-whales-favorite-as-xrp-transactions-worth-billions-of-dollars-reported-in-august/?utm_source=rss&utm_medium=rss&utm_campaign=xrp-becoming-whales-favorite-as-xrp-transactions-worth-billions-of-dollars-reported-in-august