A large XRP transaction is currently being talked about among members of the crypto community. While whale movements like this usually happen with Bitcoin, this was $141 million worth of XRP instead.
According to Whale Alert, a Twitter account dedicated to posting whale transactions, a transaction of 699,999,981 XRP moved from major exchange Bithumb to an anonymous wallet. The receiving wallet is completely unknown and has not been previously tied to any persons, organizations, or exchange firms.
Some people have opined that the move was from a major trader who lifted their XRP to a private wallet as the person likely did not want their assets centralized. The possibility that the assets are owned by Bithumb and were being moved for its customers has been dismissed. This is because Whale Alert does not announce internal asset movements like this.
Earlier in the week, there were a few whale movements from the two major digital assets in the market, Bitcoin and Ethereum. However, all that has ended and there haven’t been any whale movements of both assets, for a few days now.
Recently, XRP lost its position as the asset with the third-largest cap in the crypto market, to USDT’s Tether. Trading at $0.2, XRP has an $8.96 billion market cap.
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