The blockchain tracking service, Whale Alert, reported a massive movement of XRP coins within a span of 20 hours. In total, 640 million XRP, valued at over $1.5 billion, was transferred in three large transactions. Ripple played a key role in these transfers.
In the latest XRP news, Ripple has made a massive transfer of its native coin, sparking market speculation. According to a recent report from the on-chain transaction tracking platform, Whale Alert, the blockchain company moved 380 million XRP, worth $915.17 million, to an unknown wallet “rP4X2….sKxv3”.
The community watched this transaction with genuine interest and enthusiasm, wondering if it could somehow be related to the recent legal approval of the Ripple USD (RLUSD) stablecoin.
In addition, 200,000,000 XRP was transferred from one unknown wallet to another, equivalent to $485,376,345. Bithump stated that this transaction was also carried out between Ripple-linked wallets. Therefore, crypto giant Ripple transferred 580,000,000 XRP during this period.
The third and smallest transfer was 60,000,000 XRP, equivalent to $145,498,224. Tens of millions of coins were also transferred between anonymous wallets.
In total, Whale Alert has so far seen a cumulative transfer of $1.545.8 billion in XRP today.
Over the past two days, the fourth largest cryptocurrency XRP has shown an impressive increase of 25.74%, thanks to the aforementioned RLUSD approval for listing on crypto trading platforms. XRP rose from $1.92 and is changing hands for $2.24 at the time of writing this article.
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