Attention: Giant Whales Bring SHIB and Ripple to Exchanges!

The whales, the biggest investors, have been very active over the past 24 hours. Whales moved popular altcoins Shiba Inu (SHIB) and Ripple (XRP). Here are the transactions and the details of the transactions…

Whales mobilize 340 million XRP

Whale Alert, a crypto whale watching platform, has observed the movement of large amounts of XRP over the past 24 hours. Such transactions have become routine as they often occur on a daily basis. The latest XRP transfer resulted in a transfer to Bitso and Bitstamp, two popular centralized cryptocurrency exchanges. In the last 24 hours, a total of 340,804,615 XRP worth approximately $152.97 million has been moved by unknown whales. Ripple has also participated in the final round of XRP transfers.

According to Blockchain data shared by Whale Alert, Ripple transferred a total of 100 million XRP to an unknown wallet about eight hours ago. The fund was valued at approximately $45.47 million at the time of transaction. All major XRP transfers by Ripple were generally related to the company’s On-Demand Liquidity service. This solution uses XRP as a bridge for cross-border transactions, as we have also reported on Kriptokoin.com. Recently, demand for the service has skyrocketed as financial institutions have benefited from the solution.

What are other anonymous transactions?

Besides the 100 million XRP transferred by Ripple, other whales have also moved large amounts of cryptocurrency in the past 24 hours. An anonymous whale deposited 25 million XRP on the Bitstamp cryptocurrency exchange, one of Ripple’s ODL partners. At the time of transaction, the fund was valued at $11.4 million. A similar transaction occurred when another unknown Ripple whale transferred 25 million XRP ($11.38 million) to an address on Bitstamp. In addition, a total of 60 million XRP worth approximately $27.4 million was transferred to Bitstamp by an unknown whale.

Bitstamp is involved in yet another big XRP transfer. This time, 56,604,615 XRP worth $25.85 million was transferred from the Luxembourg cryptocurrency exchange to an unknown wallet. Bitso exchange, another Ripple ODL partner, has also been involved in recent XRP transfers. According to Whale Alert, 49.2 million XRP ($22.46 million) was transferred from the exchange to an unknown address. Less than an hour ago, 25 million XRP ($11.23 million) was moved from an unknown wallet to Bitstamp.

150 billion SHIB moved to stock market

One of the biggest ETH whales has transferred 150 billion SHIB to its wallet on Crypto.com exchange. According to the data, after the transfer of 150 billion SHIB (about 150 million dollars), the whale still has 23.4 trillion SHIB in its pocket. Shortly after Whale transferred such a significant amount of cryptocurrencies, the price of Shiba Inu started to pull back from the critical resistance level of $0.000001020 on the 4-hours chart. Since Oct. 18, the Shiba Inu has been trading sideways in a tight range of $0.00000960 – $0.000001020. Whale selling at the upper end of the range indicates a continuation of a sideways trend in the near term.