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Prominent blockchain tracker Whale Alert, which tracks down large cryptocurrency transfers, spreads the word about two mysterious crypto whales that have pocketed 44 million $XRP between the two of them.
These transactions have taken place while the $XRP price demonstrated a marginal decline of slightly less than 4%.
Two anonymous whales withdrew 23,037,429 $XRP and 20,980,252 $XRP from the Binance exchange. These crypto lumps were evaluated at $11,550,284 and $10,603,607 at the time of these transfers.
🚨 20,980,252 #$XRP (10,603,607 USD) transferred from #Binance to unknown wallethttps://t.co/0BI3Hubr4G
— Whale Alert (@whale_alert) April 29, 2024
Recent $XRP withdrawals from Binance
Binance has recently been seeing regular withdrawals of large $XRP chunks made by anonymous whales; those transactions are always more or less similar in size to those mentioned above.
Data from the Bithomp cryptocurrency explorer focused on $XRP, however, has revealed some further details of these transactions. The data shared by it shows that the anonymous wallets are linked to Binance as well. Therefore, the recent series of multi-million $XRP transfers seem to be nothing but internal $XRP movements initiated by the world’s largest crypto trading platform.
30.5 million $XRP headed for Bitstamp
Whale Alert also reported that a hefty transaction carrying 30,350,000 $XRP was made to large digital currency exchange Bitstamp. The transfer was made by an unknown wallet and was worth $15,920,021 in fiat at the time it was made.
According to the aforementioned Bithomp analytics platform, the transaction was initiated by a wallet linked to Ripple Labs behemoth. Bitstamp is among many cryptocurrency exchanges that collaborate with Ripple on its global payments service, which was known as On-Demand Liquidity (ODL) until early fall last year.
Now called Ripple Payments, it runs on RippleNet and leverages $XRP for low-cost and fast-acting transactions via the above-mentioned cryptocurrency exchanges.