Popular cryptocurrency tracker Whale Alert has tracked several large XRP transactions over the past day, noting a large number of XRP withdrawals from the world's top cryptocurrency exchanges. All in all, the anonymous cryptocurrency tycoon has mysteriously stolen a little over 250 million XRP from these cryptocurrency trading platforms.


Massive XRP Outflows Hit Top Exchanges The aforementioned data source found that seven large XRP transactions occurred on the XRP Ledger in the past 24 hours. Since most of these transactions involved large cryptocurrency exchanges, this suggests that XRP whales are increasing their activity as they appear to be strictly buying and selling XRP.


Anonymous whales withdrew XRP from Binance and Indodax exchanges, resulting in massive outflows of 28,900,823 and 30,000,000 XRP, worth $15,126,001 and $15,689,469, respectively. Exchanges such as Bitstamp, Bitso, and Binance have witnessed massive deposits from anonymous market participants.

A total of 19,220,000 XRP was sent to Bitstamp, 30,380,000 XRP was sent to Mexican crypto unicorn Bitso, and finally, 30,000,000 XRP was transferred to Binance.

One transaction on this list stands out because it contained a whopping 104,384,848 XRP and was conducted between two unknown blockchain addresses, according to Whale Alert. This amount of XRP is equivalent to $4,662,653.


SEC Appeals Ripple Case Earlier this week, regulator the Securities and Exchange Commission (SEC) finally decided to challenge the recent court ruling in the Ripple case and appeal, as reported by U.Today. The deadline was October 7, so the SEC made its decision just days before the deadline. Last July, federal judge Analisa Torres ruled that sales of XRP in the secondary market did not qualify as securities sales. This year, Ripple won again in its lawsuit with the SEC, with the judge reducing the $2 billion fine that the SEC required Ripple to pay to $125 million.


Ripple CEO Brad Garlinghouse criticized the regulator’s move. Nonetheless, XRP’s price has been negatively impacted across the board by the appeal, and has fallen more than 9% since the SEC’s appeal failed on Wednesday. XRP is currently trading at $0.52 after plummeting from the $0.58 level on October 2. Overall, XRP’s market price has fallen more than 20% since Sunday.#XRPTransfers#RippleNews#CryptoExchanges#CryptoWhales