A total of 411 million Ripples (XRP) have moved recently, while a whale alone has moved 239 million XRPs.
During the busy crypto bear market, big news made the agenda intense. FTX, the world’s second largest cryptocurrency exchange, went bankrupt. Also, in the contentious case between Ripple and the SEC, the Ripple side came very close to winning. All these processes were expressed as the last moments of the crypto bear market for many investors. However, some argue that these processes are just the beginning. While discussions of the market activity continued, XRP whales began to emerge. Recently, 411 million units of XRP have moved.
Ripple (XRP) Whales Prepare
During the busy crypto bear market, Ripple (XRP) whales started to move their holdings.
XRP whales have become more active lately, transferring large amounts of money through different transactions. Whale Alert reported that 239 million XRPs were transferred from an unknown wallet to another address. This transaction, which took place from an anonymous wallet to another anonymous wallet, attracted attention. This transaction alone was an average of $90 million in assets.
https://twitter.com/whale_alert/status/1593673515815030784
An hour after this big transaction, it was observed that the buyer of the coins also moved tens of millions of XRP. According to Bithomp data, another $9 million in transfers took place in different transactions.
Whale Alert also reported on other major transfer transactions. Recently, it was observed that 30 million XRPs were transferred to the Bitstamp exchange. According to the data obtained afterwards, 42 million XRP was withdrawn from the Bitstamp exchange.
Whales Await Ripple Trial
The litigation between Ripple and the SEC has come to an end. The crypto industry has agreed that the winner of the lawsuit will be the Ripple side. The mighty whales may be preparing for the outcome of the case. However, there have been pullbacks in XRP price recently. The bad trend in the market and the collapse of FTX were effective in this. Still, the anonymous whales seem confident that the popular cryptocurrency will make a bull run.
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