Ripple tends to move millions of dollars per day using the XRP virtual currency. This time, the San Francisco-based company moved more than 73,200,000 XRP wroth close to $23.9 million. In the past, the company sent 47,200,000 XRP worth $15.7 million.
🚨 47,200,000 #XRP (15,795,851 USD) transferred from Ripple OTC Distribution wallet to Unknown wallet
— Whale Alert (@whale_alert) February 19, 2019
Ripple could have been selling some funds to other companies or investors from around the world. In general, the firm needs to sell coins to make new investments in the XRP ecosystem. Additionally, they also have to fund their daily operations.
During the last hours, there have been very large transactions. As it is possible to see on Whale Alert, 218,675 ETH was transferred just a few hours ago between two unknown wallets. This is equal to $32.3 million.
🚨 🚨 🚨 218,675 #ETH (32,343,818 USD) transferred from Unknown wallet to Unknown wallet
— Whale Alert (@whale_alert) February 21, 2019
On February 13, 20,000 BTC were moved also between two unknown wallets. At that time, this transaction was equal to $72.5 million.
🚨 🚨 🚨 🚨 🚨 🚨 🚨 20,000 #BTC (72,582,941 USD) transferred from Unknown wallet to Unknown wallet
— Whale Alert (@whale_alert) February 13, 2019
At Bitcoin Exchange Guide we wrote about a massive 1.1 billion XRP transaction worth $392 million. The transaction was sent to Ripple’s OTC Distribution Wallet.
Transaction Type: Payment
Amount: 1,108,302,303.98 XRP
Fee: 500 drops (0.0005 XRP)
Sender Balance: 971,697,774.9975
Receiver Balance: 4,623,866,322.93109
— XRPL Monitor (@XRPL_Monitor) January 1, 2019