Ripple is moving large amounts of its own holdings in XRP.
In the last 48 hours, a total of 107,000,000 XRP worth $36.1 million has been transferred by the company, including one transfer that appears to be Ripple selling $6.7 million of its digital assets to a third party.
Ripple owns more than 50% of the total supply of XRP, with most of it locked in escrow. Each month, the company releases $1 billion in XRP and sells a small portion of that amount to crypto exchanges and other interested parties.
Ripple also moved an additional $29.4 million between its own wallets in the last two days.
- 28,000,000 XRP worth $9.4 million transferred from Ripple to XRP II wallet
- 30,000,000 XRP worth $10.1 million transferred from Ripple to unknown wallet
- 9,000,000 XRP worth $3.0 million transferred from Ripple to Ripple OTC Distribution wallet
- 10,726,155 XRP worth 3.6 million transferred from unknown wallet to Ripple OTC Distribution wallet
- 10,000,000 XRP worth $3.3 million transferred from Funding Wallet 1 to unknown wallet
Bitcoin (BTC) and Ethereum (ETH) whales are also making a splash, moving $85.8 million.
Since yesterday, whales have transferred $64.2 million worth of BTC. Two of the BTC transfers, totaling $10 million, were from unknown wallets to crypto exchanges, which indicates those traders may be preparing to sell.
The rest of the BTC was either transferred off of crypto exchanges to unknown wallets, or from one exchange to another.
Meanwhile, Ethereum whales moved $21.6 million. Three of those transfers were from unknown wallets to crypto exchanges, indicating those traders may be gearing up to sell about $5.5 million worth of ETH.
- 8,000 ETH worth 1.3 million transferred from unknown wallet to ZB
- 6,065 ETH worth 1.0 million transferred from unknown wallet to OKEx
- 14,152 ETH worth $2.4 million transferred from unknown wallet to ICO wallet for District0x
- 6,982 ETH worth $1.2 million transferred from Bithumb to unknown wallet
- 7,688 ETH worth $1.3 million transferred from Bithumb to unknown wallet
- 7,500 ETH worth $1.2 million transferred from Binance to unknown wallet
- 19,500 ETH worth $3.2 million transferred from unknown wallet to Gemini
- 6,980 ETH worth $1.1 million transferred from Kraken to unknown wallet
- 6,483 ETH worth $1.0 million transferred from Bittrex to unknown wallet
- 6,600 ETH worth $1.0 million transferred from unknown wallet
- 10,379 ETH worth $1.7 transferred from Bithumb to unknown wallet
- 6,676 ETH worth $1.0 million transferred from Bithumb to unknown wallet
- 8,390 ETH $1.3 million transferred from Bithumb to unknown wallet
- 17,649 ETH $2.9 million transferred from Bithumb to unknown wallet
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