According to Whale Alert, a popular crypto tracker, several large XRP transactions were spotted in the past 24 hours. Of these transactions, three were particularly noteworthy, as they involved the movement of between 200 million XRP and almost 300 million XRP each. In total, Ripple and anonymous wallets moved 916 million XRP, coinciding with the news of another crypto-friendly bank shutting down.
Out of the eight XRP transactions that Whale Alert detected, three were conducted by wallets linked to Ripple. These transfers involved 278,500,000 XRP, 245,500,000 XRP, and 200,000,000 XRP, equivalent to $262.4 million in fiat USD. Some of the funds were moved to Bittrex for sale, while the remainder was transferred between Ripple-linked wallets.
The remaining five transactions moved a total of 192 million XRP, with four of them transferring tens of millions of XRP each to the Bitstamp exchange.