Whales Abruptly Relocate Nearly $500,000,000 in XRP in Just 12 Hours As Crypto Markets Take Off

Whales Abruptly Relocate Nearly $500,000,000 in XRP in Just 12 Hours As Crypto Markets Take Off


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.

 

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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.

218,682,488 #XRP (280,331,182 USD) transferred from unknown wallet to Ripplehttps://t.co/G5xRcI8ShQ

— 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

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