Prominent #cryptonews tracker Whale Alert has reported a substantial XRP transfer to Bitstamp, as global fintech giant Ripple Labs continues to move large XRP amounts. With 30.3 million XRP sent to Bitstamp, this marks the second significant transaction in the week, following the earlier transfer of 29,000,000 XRP.
Notably, the XRP-centric data platform Bithomp revealed that Ripple initiated these transactions, adding to the 119,000,000 XRP worth $59,199,878 moved recently.
In other transactions, 50,000,000 XRP was withdrawn from Crypto.com, making its way to a wallet on the #Binance exchange. Santiment's recent analysis indicates a decline in whale activity on the XRP Ledger, despite continued accumulation by whale wallets, which now hold $7.89 billion worth of #XRP, up from $7.16 billion in 2022.