Crypto whale watchers are currently tracking some huge XRP transfers that have been taking place.
The online publication The Daily Hodl reported that the most recent transaction that has been performed sent 100 million XRP which are worth $31.2 million from an unknown wallet to another one on Wednesday.
The transaction could be Ripple’s
It’s been reported that traders speculated that this move could be Ripple itself who is moving a part of its XRP holdings to an institution or crypto exchange.
These transfers are usually coming from wallets that have been previously identified as Ripple’s.
These Ripple wallets are known to be distributing XRP via OTC.
This transfer came after a move of 15 million XRP this Tuesday from an unknown wallet to the crypto exchange Bittrex.
A move was of 17 million XRP from an unknown wallet to the exchange Gatehub on Monday.
15,499,503 XRP worth 4.8 million transferred from unknown wallet to Bittrex
17,908,787 XRP worth $5.7 million transferred from unknown wallet to Gatehub
It’s also worth noting that the most significant whale of the week was seen on Monday. At the beginning of the week, someone moved 300,666,888 XRP (then worth about $96 million).
That transfer has been sent from Binance to an unknown wallet.