100,000,000 XRP on the Move As Mysterious Crypto Whales Surface

Crypto whale watchers are tracking a number of giant XRP transfers.

The most recent transaction sent 100 million XRP, worth $31.2 million, from one unknown wallet to another on Wednesday.

Traders speculated the move could be Ripple selling a portion of its XRP holdings to an institution or crypto exchange. However, those transfers typically come from previously identified Ripple wallets that are known for distributing XRP over-the-counter.

The transfer followed a move of 15 million XRP on Tuesday from a wallet of unknown origin to the crypto exchange Bittrex, and a move of 17 million XRP from an unknown wallet to the exchange Gatehub on Monday.

• 15,499,503 XRP worth 4.8 million transferred from unknown wallet to Bittrex

• 17,908,787 XRP worth $5.7 million transferred from unknown wallet to Gatehub

The biggest whale of the week also splashed onto the scene on Monday, when someone moved 300,666,888 XRP (then worth about $96 million).

That transfer was sent from the crypto exchange Binance to an unknown wallet.

Bitcoin and Ethereum whales have been relatively quiet since Monday when 14,501 BTC worth $168.6 million was transferred in four separate transactions, as well as 308,268 ETH worth $71.8 million across two transactions.

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

The post 100,000,000 XRP on the Move As Mysterious Crypto Whales Surface appeared first on The Daily Hodl.