Mysterious Whale Sends Millions of XRP to Bitstamp, Stirring XRP Army

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Mysterious Whale Sends Millions of XRP to Bitstamp, Stirring XRP Army
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Anonymous transfer of millions of XRP made to major cryptocurrency exchange

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This transfer made ripples within the Ripple community as many commentators shared their takes under the tweet as to the nature of this transaction.The aforesaid data source shared that, approximately 15 hours ago, an anonymous whale transferred a total of 28,940,000 Ripple-affiliated XRP coins. The destination was major cryptocurrency trading platform Bitstamp. This amount of cryptocurrency is evaluated at $14,229,498.

The XRP army started a heated discussion about the possible seller of this large XRP chunk. One X/Twitter user suggested that the anonymous sender was none other than Ripple Labs, transferring a multi-million XRP lump to one of its payments platforms – Bitstamp.Data provided by XRP explorer Bithomp has confirmed this assumption by sharing the details of the transfer on its website.

Since Saturday, the XRP price has been making numerous attempts to recover from its tremendous 29% collapse faced on Friday. Since the weekend,Yuri is interested in technology and technical innovations. He has been writing about DLT and crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. He has written for multiple crypto media outlets.

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