High-net-worth investors have moved 492,942,004 (492.94 million) Ripple tokens in the most recent round of sizable XRP transactions, according to Whale Alert.
Notably, these big XRP transactions occurred just a few hours after Ripple locked 1.2 billion XRP in its Escrow wallet.
67,509,674 (67.5 million) XRP were transferred from FTX to an address on Binance in three separate transactions, according to the cryptocurrency whale tracking service. The value of the 67.5 million XRP coins at the time of the transaction was approximately $30.42 million.
๐จ 22,487,697 #XRP (10,166,886 USD) transferred from #FTX to #Binancehttps://t.co/aPDoird90b
— Whale Alert (@whale_alert) November 2, 2022
๐จ 22,487,697 #XRP (10,172,360 USD) transferred from #FTX to #Binancehttps://t.co/2KS5U4AWj8
— Whale Alert (@whale_alert) November 2, 2022
๐จ 22,534,280 #XRP (10,190,359 USD) transferred from #FTX to #Binancehttps://t.co/9WHAZhUX61
— Whale Alert (@whale_alert) November 2, 2022
Intriguingly, the Binance user transferred 68,761,155 (68.7 million) XRP worth almost $31 million to an unidentified wallet. The huge transfer took place in three different transactions.
๐จ 22,501,910 #XRP (10,184,943 USD) transferred from #Binance to unknown wallethttps://t.co/tzf2UhURWq
— Whale Alert (@whale_alert) November 2, 2022
๐จ 22,487,973 #XRP (10,172,485 USD) transferred from #Binance to unknown wallethttps://t.co/Glc1LWZ0da
— Whale Alert (@whale_alert) November 2, 2022
๐จ 23,771,272 #XRP (10,749,746 USD) transferred from #Binance to unknown wallethttps://t.co/GTcJgDX7hE
— Whale Alert (@whale_alert) November 2, 2022
A partner of Ripple’s On-Demand Liquidity (ODL) service, Bitstamp exchange, received 25 million XRP coins ($11.51 million) fourteen hours ago.
๐จ 25,000,000 #XRP (11,513,950 USD) transferred from unknown wallet to #Bitstamphttps://t.co/U9Abnweh4N
— Whale Alert (@whale_alert) November 2, 2022
140 million XRP were transferred by an anonymous whale from one unidentified wallet to another. When Whale Alert reported the deal, its value was $62.97 million.
๐จ ๐จ ๐จ ๐จ ๐จ ๐จ 140,000,000 #XRP (62,973,690 USD) transferred from unknown wallet to unknown wallethttps://t.co/xujjXYTHdP
— Whale Alert (@whale_alert) November 2, 2022
Additionally, an unidentified whale also sent 25 million XRP coins, or about $11.3 million, to an address on the Bitstamp cryptocurrency exchange.
๐จ 25,000,000 #XRP (11,299,944 USD) transferred from unknown wallet to #Bitstamphttps://t.co/jzv1wUE8dZ
— Whale Alert (@whale_alert) November 2, 2022
The cryptocurrency exchange Bitstamp saw an unidentified whale withdraw 23,371,175 (23.37 million) XRP tokens worth $10.56 million, according to Whale Alert.
๐จ 23,371,175 #XRP (10,563,718 USD) transferred from #Bitstamp to unknown wallethttps://t.co/X2j64gfjVU
— Whale Alert (@whale_alert) November 2, 2022
Sixty million XRP coins ($27.34 million) were transferred from an unidentified wallet to a Bitso address.
๐จ ๐จ 60,000,000 #XRP (27,347,323 USD) transferred from unknown wallet to #Bitsohttps://t.co/Hc8jTygn15
— Whale Alert (@whale_alert) November 2, 2022
One hour later, an unidentified whale withdrew 83.4 million XRP ($37.82 million) from the Bitso exchange.
๐จ ๐จ ๐จ 83,400,000 #XRP (37,820,802 USD) transferred from #Bitso to unknown wallethttps://t.co/aeG1EcqVYA
— Whale Alert (@whale_alert) November 3, 2022
Read more: After Embarrassingly Bad Performance, Ripple General Counsel Talks to SEC Cops
More Whales Are Interested in XRP
Whale interest in XRP has increased further as developments in the SEC lawsuit appear to be favoring Ripple. As previously mentioned, several organizations have expressed their commitment to Ripple by submitting amicus papers in support of the company’s motion for summary judgment.
Online digital wallet service Cryptillian Payment Systems has also asked to submit an amicus brief in support of Ripple.
#XRPCommunity #SECGov v. #Ripple #XRP Cryptillian Payment Systems, an online digital wallet service for retail customers and commercial retail businesses using XRP, asks to file an Amicus Brief supporting Ripple's Opposition to the SEC's Motion for SJ.https://t.co/brFjNVmUmq
— James K. Filan ๐บ๐ธ๐ฎ๐ช (@FilanLaw) November 3, 2022
At the time of publication, the price of XRP is $0.45. Even though it is a pittance compared to its prior $3.4, many anticipate that once the dispute is resolved in Ripple’s favor, XRP will fly over its previous all-time high.