Whales transfer 20,000,000 Ripple (XRP) from Bithumb to an unknown wallet

Today, Ripple whales moved 20,000,000 XRP tokens from a wallet that belongs to Bithumb to an unknown wallet. As per the transaction, the movement of 20,000,000 XRP was equivalent to 5,498,384 USD.

Whales Moved Ripple (XRP) Tokens Again

Whale Alert, the leading whales tracking platform tweeted today, on October 12, stating the movement of XRP tokens between two wallets. The sending wallet appears to belong to Bithumb exchange; the recipient’s wallet remained unknown. Nevertheless, the transaction occurred on Ripple blockchain, and it deemed successful on Sat, 12 Oct 2019 07:31:41 UTC.

It’s worth noting that the transaction took place between Bithumb’s wallet r9LHiNDZvpLoWPoKnbH2JWjFET8zoYT4Y5 and an unknown recipient’s wallet rDFCAUDVB5QhB61ETGT6tf8Rm1zBsj8LHU with a fee of 0.00001 XRP. Additionally, the hash for the transaction was B661571857068D5B06300230597B0031FF9FB41E6A17C292E8A339FC257FFF66, completed in 10 drops.

Notably, the movement of Ripple whales occurred at a time when the XRP cryptocurrency was just gearing up. As such, the token is currently trading at $0.27 against USD, with a quick surge of 1.59 percent over the past 24Hrs.

Moreover, the transaction isn’t the new in the crypto market either; previously, Whale Alert reported yet another XRP transactions, which were also counted 20,000,000 XRP tokens.

However, in this case, wallets used to transfer the 20 Million XRP were known to users – it took place between Funding Wallet 1 and Coinbase. While Ripple’s co-founder Chris Larsen reportedly activated funding Wallet 1, the amount equivalent to 5,559,554 USD (as on October 7) was transferred to a wallet that belongs to Coinbase crypto exchange.

However, other such transactions that caught the attention of the crypto community were XRP worth $7 Million; in-fact, numerous whales transactions accounted for the nearly similar value.

It has been seen that the whales’ movement, particularly in the case of XRP, is growing. On the other hand, Ripple, the parent company of XRP, is continually seeking new opportunities to boost the adoption of XRP, which currently stands with the market capitalization of $11,911,107,897.

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