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Over 226 Million XRP Moved In and Out of Exchanges Within 24 Hours: Details


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A large volume of XRP transfers involving unknown wallets and top exchanges like Bitstamp and FTX are becoming very frequent. However, the price of the digital token is not significantly impacted by these voluminous tokens on the move.

Data from Whale Alert, a platform that tracks and reports all high-volume transactions in the cryptocurrency market, showed that a whopping 226,378,630 XRP worth approximately $100 million at press time, were moved in just four transactions on Wednesday.

A greater volume of the XRP transfers was done via the Bitstamp exchange while the remaining transfer was done courtesy of the FTX exchange. 

Whale Alert reported that the transfer of 146,378,630 XRP tokens worth approximately $63 million at the current exchange rate, were executed via Bitstamp in three transactions, while Sam Bankman-Fried's  FTX exchange processed 80 million XRP transfers worth $34.4 million into a wallet of unknown origin.


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