Cryptocurrency tracker Whale Alert is spreading the word that just over 12 hours ago, Ripple fintech decacorn initiated a transaction carrying a whopping 50,000,000 XRP tokens worth $25,657,347.
The transaction was made to an unknown wallet, according to the description provided by Whale Alert.
The destination, according to the details provided by the aforementioned source, turned out to be another Ripple wallet. After receiving said 50,000,000 XRP, this wallet transferred 130,000,000 million XRP to other wallets in three parts: 30,000,000 XRP and two transactions with 50,000,000 XRP each. Those wallets also belong to Ripple Labs.
Earlier this week, Whale Alert detected a whopping 120,000,000 XRP withdrawn from the major crypto exchange Bithumb located in South Korea. However, it turned out to be a transaction between Bithumb’s internal blockchain addresses.
Over the past week, the Ripple-affiliated XRP token demonstrated a 4.65% price increase and is currently changing hands at $0.51286. That weekly price growth includes a 6.87% price increase made by XRP through Wednesday, September 20, followed by a drop.
