445 Million XRP Moved By Ripple And Anonymous Whale

Ripple Inc, an anonymous wallet and major exchange is moving nearly half a billion XRP tokens. Does this mean that the XRP price will finally experience a big price increase in 2022?


425 million XRP moved by major crypto players

Crypto tracker Whale Alert has tweeted that a Ripple has moved 200 million XRP tokens in the past 16 hours after unlocking a billion the day before. In addition, a transaction of a similar size was carried out between anonymous crypto wallets.

Whale Alert has recently published several tweets. This shows that Ripple has locked 800 million XRP back in deposit after releasing a whopping 1 billion of these coins on the first day of 2022.

The company moved the remaining 200 million XRP to one of its wallets to then use those funds internally. This is equivalent to $168,530,030 in fiat currency.

Whale Alert also tweeted that an anonymous crypto whale had sent an even larger amount of XRP, 225,329,020 coins, to another crypto wallet with an unregistered owner. This transfer was worth $190,900,260.

The third transaction reported was that Bitstamp moved 20,154,126 XRP to the custodial service BitGo. The latter is used by numerous financial institutions for storing their crypto. It was acquired by Galaxy Digital last year under the leadership of Mike Novogratz. Novogratz is an early Bitcoin and Ethereum investor and a hedge fund guru.


SEC Ripple Case Over in 2022, Will XRP Price Rise Again?

Right now, XRP is struggling in the USD 0.8 range. The lawsuit filed by the SEC against Ripple in late December 2021 is likely to close in 2022. It is estimated that the case should be concluded by April this year.

Read Also:  Crypto Giant Secures Major EU Licensing Breakthrough in Malta

The XRP community believes that the SEC case against Ripple is the only factor limiting the price of the coins. So they hope XRP will skyrocket once the “legal war” between the crypto giant and the US regulator is over.

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