Ripple fintech firm has released another astonishing chunk of XRP from escrow, here's what happened to XRP price
, releasing a new portion of crypto and sending roughly 30 million XRP to sell on a major exchange, according to Whale Alert.
Meanwhile, the anonymous whale that earlier this week was spotted moving 420 billion XRP chunks, has transferred a similar amount of XRP once again, leaving the community puzzled.Crypto tracking platform Whale Alert has detected that within the past 24 hours, Ripple Labs transferred a whopping billion XRP, unlocking them from escrow in four massive transactions, carrying 400,000,000 XRP; 200,000,000 XRP; 100,000,000 XRP and 300,000,000 XRP.
Aside from that, Ripple Labs, according to the aforementioned tracker, also transferred a total of 29,600,000 XRP to the Bitstamp exchange with an obvious intention of selling this crypto. After Ripple shifted the billion XRP, the token's price went down by 4.60%. Since XRP is, one may say, already used to these regular token releases, the price may have been somewhat impacted by another massive XRP transfer as almost half a billion XRP exchanged wallets.Another notable XRP transfer took place prior to Ripple injecting hundreds of millions of XRP onto the market. A wallet marked by Whale Alert as unknown transferred a mind-blowing 424,604,934 XRP worth $221,841,994.
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