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Ripple whales continue to move vast volumes of XRP.
Whale Alert, the famous crypto data provider that tracks the large movement of crypto assets across various wallets, observed considerable amounts of Ripple (XRP) shuffled between exchanges and unknown wallets.
According to Whale Alert, a total of 421,219,375 (421.21 million) XRP tokens have been shuffled between cryptocurrency exchanges and unknown wallets over the last 24 hours. At the current exchange rate, the funds were worth $379.58 million.
The transactions mainly involved Ripple’s On-Demand Liquidity (ODL) cryptocurrency exchange partners, Bitstamp and Bitso. Based on this, it is believed that all large movements of XRP coins involving Bitso and Bitstamp are mostly ODL-related.
The first large XRP transaction in the last 24 hours was reported precisely 16 hours ago. Per Whale Alert, 30 million XRP coins were sent to an address on the Bitstamp exchange from an unknown wallet. At the time of the transaction, the funds were worth $10.61 million.
🚨 30,000,000 #XRP (10,614,540 USD) transferred from unknown wallet to #Bitstamphttps://t.co/NN40Nmq3Aj
— Whale Alert (@whale_alert) September 12, 2022
Roughly 10 hours ago, Whale Alert also tracked the movement of 165 million XRP worth around $58.98 million from the FTX cryptocurrency exchange to an unknown wallet.
🚨 🚨 🚨 🚨 🚨 165,000,000 #XRP (58,985,368 USD) transferred from #FTX to unknown wallethttps://t.co/h94OiRJ0Sd
— Whale Alert (@whale_alert) September 12, 2022
A total of 30 million XRP ($10.73 million) were sent from an unknown wallet to an address on Bitso exchange, a partner of Ripple’s On-Demand Liquidity (ODL).
🚨 30,000,000 #XRP (10,730,551 USD) transferred from unknown wallet to #Bitsohttps://t.co/P2w2XFGuK4
— Whale Alert (@whale_alert) September 13, 2022
In a similar development, another 40 million XRP worth approximately $14.35 million was also sent to an address on the Bitso exchange from an unknown address.
🚨 40,000,000 #XRP (14,348,954 USD) transferred from unknown wallet to #Bitsohttps://t.co/etdGZICwA5
— Whale Alert (@whale_alert) September 13, 2022
Whale Alert also saw 40 million XRP worth approximately $14.35 million sent from an unknown wallet to the Bitstamp exchange.
🚨 40,000,000 #XRP (14,348,954 USD) transferred from unknown wallet to #Bitstamphttps://t.co/EuOryblzKa
— Whale Alert (@whale_alert) September 13, 2022
50,119,375 (50.12 million) XRP were sent to an unknown wallet from the Bitstamp exchange. At the time of the transaction, the funds were worth $17.9 million.
🚨 50,119,375 #XRP (17,903,096 USD) transferred from #Bitstamp to unknown wallethttps://t.co/rJpP71zyqr
— Whale Alert (@whale_alert) September 13, 2022
Furthermore, 66.1 million XRP coins were sent from Bitso to an unknown wallet, and the funds were worth around $23.7 million.
🚨 🚨 66,100,000 #XRP (23,703,167 USD) transferred from #Bitso to unknown wallethttps://t.co/4FMEzPprsT
— Whale Alert (@whale_alert) September 13, 2022
So a total of 421,219,375 (421.21 million) XRP tokens worth $379.58 million were shuffled over the last 24 hours.