Blockchain behemoth Ripple caught making enormous XRP transfers, while XRP price goes up
Details shared by the XRP-focused analytics platform Bithomp shows that the second transaction was initiated by a wallet associated with Ripple too, which means that the blockchain giant is again sending a big lump of crypto — 30,000,000 XRP — to sell on Bitstamp.
Together with the aforementioned 75,000,000 XRP, these two transfers amount to 105,000,000 XRP coins worth roughly $52.8 million in fiat equivalent. The 75,000,000 XRP were transferred by Ripple to one of its wallets and then, according to Bithomp, 46,000,000 XRP were sent to an anonymous address. This seems like an OTC trade or a redistribution of funds made by the blockchain giant.
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