Huge 500 Million XRP Withdrawn From Kraken In One Downward Transfer
Half a billion XRP shoveled from this crypto exchange as XRP recovers nearly 3%
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According to cryptocurrency tracker Whale Alert, around seven hours ago a staggering 500 million XRP was transferred from major crypto exchange Kraken.
This amount of cryptocurrency is worth $161,221,380.
— Whale Alert (@whale_alert) August 29, 2022
Anon whale moves 500 million
Half a billion XRP tokens have been sent from a Kraken wallet to an anonymous crypto address, while the seventh largest digital currency is trading in the $0.32 range.
Earlier today, XRP printed several consecutive red hourly candles, down 4.61%. At present, however, the Ripple-affiliated coin has partially recovered, rising almost 3%.
Over the past few weeks, the aforementioned cryptocurrency tracker has reported massive amounts of XRP being transferred by various top crypto exchanges, as well as Ripple. The San-Francisco-based fintech giant sold for millions of dollars.