Almost 400 million XRP have been transferred by Ripple and several anonymous wallets

According to Whale Alert, 390 million XRP has been transferred by Ripple and several anonymous users in the past two days. Meanwhile, Ripple’s native token shows a gain of around 10%, currently trading at $0.7605.


XRP/USD 4-hour chart | Source: TradingView

390 million XRP shifted with Ripple participation

There have been several significant XRP transactions over the past 24 hours. Two of them are made by Ripple. A detailed look at the data provided by XRP-focused analytics service Bithomp reveals that the crypto giant moved 50 million XRP ($34,906,740) into one of its wallets – RL18-VN. This wallet is commonly used to transfer XRP beyond Ripple – to digital exchanges, crypto custody providers, and Ripple customers.

Then, 20 million XRP was sent from that wallet to crypto exchange in the Philippines. This exchange acts as an On-Demand Liquidity (ODL) corridor. Similar corridors are active in several other countries – Mexico (Bitso), Europe (Bitstamp), Australia (BTC Markets), and more.

Additionally, according to Whale Alert, US-based exchange Bittrex transferred 20 million XRP to South Korean platform Upbit.


Whale Alert detected a staggering amount in XRP transferred on February 25 between two anonymous wallets. They transferred 305.8 million XRP, which on that day was worth $214,952,290. When the XRP price has spiked, the amount is worth $233,131,991.

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