Over 746 Million XRP Moved in Last 24 Hours. Here’s Where They Are Heading

[solodeji]

The movement of millions of XRP between unknown wallets and top exchanges is becoming a daily routine in the crypto market. The fact that the whopping transactions have little or no effect on the price of Ripple's digital token makes one wonder about the reason for these usual operations. While we will discuss that in the later part of this article, let's dive into how much XRP has been shifted in the last 24 hours.

More Than 746 Million XRP Transferred in the Last 24 Hours

In the last 24 hours, a total of 746,367,374 XRP were moved between unknown wallets and top crypto exchanges including FTX, Bitstamp, and Bitso. Ripple, the major distributor of XRP was also involved in the whopping transactions.

Data from Whale Alert, the blockchain tracking and analytics platform that reports large crypto transactions, showed all transactions with the associated details. 

The largest transaction during this timeframe was the transfer of 165,000,000 XRP worth $58,985,368 at the time of execution from FTX to an unknown wallet. In close succession, 30,000,000 XRP worth approximately $10.73 million was transferred from an unidentified wallet to Bitso.

https://timestabloid.com/over-746-million-xrp-moved-in-last-24-hours-heres-where-they-are-heading/