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Whale Alert team reported that $88,850,675 of cryptocurrencies have been transferred by Ripple and unregistered wallets in the last twenty-four hours. The Ripple distributed ledger technology provider has sent 10 million XRP to the Bitstamp exchange (On-Demand Liquidity corridor in Luxembourg).

More than 50 million Ripple (XRP) transferred between anonymous wallets

Ripple has also shifted 20 million to Bitso, its ODL partner in Mexico and Latin America. Earlier this year, it raised over $1 billion during its investment round and became the first crypto unicorn in the region.

More than 50 million XRP transferred between anonymous wallets. According to data from analytics website Bithomp, the sender was the BitGo exchange and the world’s second-largest crypto custodian (owned by Galaxy Digital) and the recipient was Binance exchange.

The transfers took place at a time when XRP was trading in the $1.07 – $1.09 range

Before Cryptocoin. com

As , Ripple Labs and Bybit, Binance etc. We reported about 147,027,952 XRP circulating in the market with the participation of some other major exchanges such as Recently, another 30 million tokens were transferred to the market. And all these trades took place at a time when the price was trading in the $1.07 – $1.09 range. At the time of writing, XRP was trading at $1.08, down 3.2% in the last 24 hours.

Ripple (XRP) 4 hourdollar chart | Source: TragView

The number of Ripple active wallet addresses has increased by over 200% in the last three months

In the last 24 hours, a $32,232,824 cryptocurrency transfer was made by anonymous wallet addresses. Earlier this year, Ripple raised over $1 billion in an investment round. Also, while Ripple is under investigation by the SEC, institutional investors have not made any significant investments in the altcoin since December 2020.

XRP wallet addresses active in the last three months | Source: Coinmetrics

As you can see, the number of active wallet addresses has increased by over 200% in the last three months. According to analyst Selana, despite being delisted on several spot exchanges recently, small traders are using XRP, which has a positive long-term effect on the price. The analyst makes the following assessment:

While Ripple (XRP) has been moving within a symmetrical triangle, certain conditions gave sellers an edge on a breakout. In a downtrend, the focus will be on a defensive line of $0.95. However, the bulls have also made their case. If the selling pressure wears off while XRP holds the 23.6% Fibonacci level, a price increase can be expected.

Whales transferred 251, 261 Ether

According to data shared by the Whale Alert monitoring service, in the past twenty-four hours, large amounts of cryptocurrencies known as whales have transferred 251,261 Ether, the second largest cryptocurrency by market cap. This equates to a staggering $761 million in fiat money. The largest transfer of these was made 10 hours ago and carried a stack of 95,230.13 ETH worth $322,833,800.

https://twitter. com/whale_alert/status/1439019757810880512

The second and third dimensions were transfers of 30,000 ETH and 18,600 ETH between anonymous wallets.


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Michael Lewis

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