{"id":15347,"date":"2022-12-10T21:33:29","date_gmt":"2022-12-10T21:33:29","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/this-week-xrp-whales-moved-millions-of-tokens-to-exchanges-and-unknown-wallets-altcoins-bitcoin-news\/"},"modified":"2022-12-10T21:33:29","modified_gmt":"2022-12-10T21:33:29","slug":"this-week-xrp-whales-moved-millions-of-tokens-to-exchanges-and-unknown-wallets-altcoins-bitcoin-news","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/this-week-xrp-whales-moved-millions-of-tokens-to-exchanges-and-unknown-wallets-altcoins-bitcoin-news\/","title":{"rendered":"This Week XRP Whales Moved Millions of Tokens to Exchanges and Unknown Wallets \u2013 Altcoins Bitcoin News"},"content":{"rendered":"

(Originally posted on : Bitcoin News )<\/b>
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During the past 30 days, the crypto asset xrp has gained more than 17% in value against the U.S. dollar. Meanwhile, the crypto community has been noticing significant xrp whale movements during the past week as one whale moved 143,000,000 xrp worth more than $55 million on Dec. 9, and another whale moved 40,000,000 xrp worth more than $15 million from the exchange Bitso to an unknown wallet. <\/strong><\/p>\n

Xrp-Whales Move Massive Tokens Over the Last 7 Days<\/h2>\n

On Saturday, Dec. 10, 2022, the crypto asset xrp (XRP<\/a>) has been trading for prices between $0.386 to $0.390 per unit. XRP<\/a> is the seventh largest crypto asset in terms of market capitalization as the token\u2019s overall valuation today is $19.60 billion. On Saturday, data shows there\u2019s an estimated $423 million in XRP<\/a> trading volume worldwide during the past 24 hours. Over the last 30 days, XRP<\/a> has gained over 17% in value against the greenback.<\/p>\n

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Whale Alert on Dec. 7, 2022.<\/figcaption><\/figure>\n

Amid the market gains this past month, there\u2019s been a lot of XRP<\/a> whales moving significant numbers of tokens to and from exchanges and to unknown wallets as well. For example, Whale Alert caught 40 million xrp (XRP)<\/a> move from the trading platform Bitso to an unknown wallet on Dec. 8, 2022.<\/p>\n

In another case, Whale Alert stumbled upon a 143 million XRP transfer<\/a> worth more than $55 million on Dec. 9. On the same day as the 40 million transfer, XRP<\/a> whales moved 27 million<\/a> XRP<\/a> to Bitso, another 40 million<\/a> tokens moved to Bitstamp, and 37.7 million<\/a> XRP<\/a> from Bitso to an unknown wallet.<\/p>\n

On Dec. 8, 60,000,000 XRP<\/a> moved to Bitstamp, and the day prior on Dec. 7, 2022, a user moved 35 million XRP<\/a> to Bitstamp. The same day 50 million XRP<\/a> moved from Ripple to an unknown wallet and also a whopping 324,254,650 XRP<\/a> worth an estimated $123.20 million moved from Bittrex to an unknown entity.<\/p>\n

There has been a large number of mega XRP<\/a> whale movements this past week, to say the least, and on Dec. 7, 2022, 3.8 billion XRP<\/a> was moved in eight transactions (1<\/a>,2<\/a>,3<\/a>,4<\/a>,5<\/a>,6<\/a>,7<\/a>,8<\/a>) from Bittrex to unknown wallets, according to data recorded by Whale Alert.<\/p>\n

At the time of writing, Binance holds the largest XRP<\/a> wallet with 76,300,000 XRP<\/a>, according to coincarp.com<\/a>\u2019s rich list. The list also shows the second-largest XRP<\/a> address also belongs to Binance with 26,000,000 XRP<\/a>. The third-largest XRP<\/a> wallet owned by an unknown wallet holds 22,728,470 XRP<\/a> according to coincarp.com\u2019s rich list.<\/p>\n

What do you think about the recent xrp whale movements during the past seven days? Let us know what you think about this subject in the comments section below. <\/strong><\/em><\/p>\n

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\nJamie Redman <\/h6>\n

\nJamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 6,000 articles for Bitcoin.com News about the disruptive protocols emerging today.

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Image Credits<\/b>: Shutterstock, Pixabay, Wiki Commons<\/em><\/p>\n

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