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Whale Abruptly Moves Over $110,000,000 in XRP – Here’s Where the Crypto’s Going

Whale Abruptly Moves Over $110,000,000 in XRP – Here’s Where the Crypto’s Going
A huge crypto whale is moving more than $110 million worth of XRP in a single transaction this week as the digital asset market attempts to recover from its steep correction earlier this month.
Blockchain tracker Whale Alert reports that an unknown wallet sent 280,684,171 XRP to another unknown wallet on Tuesday morning.

The receiving wallet was activated the same day as the transaction and still holds the digital assets at time of writing, according to the XRP explorer Bithomp . The sending wallet was activated and first received the XRP trove on November 21st.
XRP is trading at $0.40 at time of writing. The seventh-ranked crypto asset by market cap is down more than 1% in the past 24 hours. XRP has also retraced over 13% in the past month and remains more than 88% down from its all-time high of $3.40, which it hit in early January 2018.
Other recent large XRP transactions on Whale Alert’s radar include:

25,600,000 XRP worth more than $10 million transferred from an unknown wallet to the crypto exchange Bitstamp
29,000,000 XRP worth more than $11.4 million transferred from an unknown wallet to Bitstamp
25,000,000 XRP worth more than $10.1 million transferred from an unknown wallet to Bitstamp
25,817,990 XRP worth more than $10.4 million transferred from Bitstamp to an unknown wallet

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Featured Image: Shutterstock/IvaFoto
The post Whale Abruptly Moves Over $110,000,000 in XRP – Here’s Where the Crypto’s Going appeared first on The Daily Hodl .

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