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136 Million XRP in Three Hours – What’s Going On?

Recently published on-chain data shows massive XRP transactions occurred within just three hours

Popular blockchain tracker Whale Alert, which tracks down large cryptocurrency transfers and shares their details on the X platform, has reported that a substantial amount of XRP – close to 136 million coins – has been moved in the last 20 hours. Notably, this staggering amount of cryptocurrency was transferred within merely three hours and went in four large transactions. The majority of these funds was withdrawn from the largest cryptocurrency exchange, Binance, by mysterious wallets. Those transfers took place while the price of the seventh largest crypto, XRP, lost more than 7% over the weekend; since then, it has managed to recover by 3.52%. Over the past week, XRP skyrocketed by an enormous 26%.

According to data shared by Whale Alert, anonymous whales made three transfers, withdrawing millions of XRP from Binance in each of them. Those mammoth transactions carried 33,839,894 XRP; 35,937,321 XRP and 38,783,752 XRP. Each of these XRP lumps is evaluated at approximately $20 million or slightly lower. Thus, the enigmatic whales have withdrawn roughly $110 million worth of crypto to their wallet.

In the meantime, 28,070,000 XRP worth $14,936,884 were deposited to another major cryptocurrency trading venue, Bitstamp. The activity of whales has clearly increased, along with the XRP price surge, as can be seen thanks to this data supplied by Whale Alert.

Credit: U Today