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Ripple Behemoth Shifts 97.3 Million XRP to Top Cryptocurrency Platforms


u.today May 04 2021 08:42, UTC
Reading time: ~2 m

Blockchain service Whale Alert that tracks large amounts of cryptocurrencies pushed between digital wallets has published several tweets that show Ripple has been moving massive amounts of XRP in the past twenty hours.

The crypto giant based in San-Francisco has wired 97.3 million XRP to two major cryptocurrency platforms located in the US and China.

Almost 98 million XRP on the move

According to the tweets posted by the Whale Alert crypto tracker, Ripple has shifted 97.3 million XRP tokens. This is an equivalent of $145,215,683 in fiat at the current price of $1.49 per one XRP token.

In these three transactions, Ripple has shifted to XRP lumps to the crypto exchange Huobi (14 million tokens) and sent 83,319,800 XRP to the custodial service BitGo that holds XRP for Ripple and its institutional clients.

The amount of XRP sent to BitGo is equal to $129,206,659.

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In the past several weeks, Ripple giant has been regularly sending XRP to Huobi, each one worth slightly over seven million XRP – that’s $10,405,902.

Jed McCaleb receives another 442 million XRP from Ripple

Ripple’s co-founder and former CTO continues to sell his XRP stash and as covered by U.Today earlier, in the past week, he has sent 111 million XRP from his “tacostand” wallet to be sold on crypto exchanges.

That took him six transactions, carrying 18,558,414 XRP each. This week, however, he has already made three transfers of 17,301,056 XRP.

If McCaleb keeps selling his XRP at this pace, blockchain analyst and XRP enthusiast Leonidas Hadjiloizou believes that his remaining XRP (less than 1.7 billion now) will be over by September.


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