XRP whales just moved nearly half a billion dollars worth of the sixth-largest crypto asset.
Within a 12-hour period on Friday and Saturday, deep-pocketed entities relocated more than $470 million worth of XRP, according to the crypto tracker Whale Alert.
The largest single transaction of the weekend’s whale spree happened when an unknown investor sent Ripple a whopping 218,682,480 XRP worth more than $280 million.
— Whale Alert (@whale_alert) September 3, 2021
Traders also witnessed increased activity from Ripple as the San Francisco-based payments company also sent a total of 65,000,000 XRP across three separate transactions.
The company, which owns more than half of the 100 billion XRP in existence, moved 40,000 XRP worth more than $51 million to a wallet of unknown origins. The payments firm also relocated 15,000,000 XRP worth over $19 million to