Exquisite Goods > Uncategorized > Significant Activity on Ripple, Ethereum Whales at Work: Featured XRP and ETH News
By May 19, 2023 Uncategorized 0 Comments

Significant Activity on Ripple, Ethereum Whales at Work: Featured XRP and ETH News

A major crypto whale took action today, transferring millions of dollars’ worth of Ethereum (ETH) from cryptocurrency exchange Bitfinex.

As tracked by Whale Watch on Twitter, Whale is currently Made five transfers worth up to $71 million. The relevant figures are as follows:

75,426 ETH ($11.48 million)

88,657 ETH ($13.49 million)

88,877 ETH (13.52 million dollars) million)

124,388 ETH ($18.92 million)

92,652 ETH ($14.08 million)

Big Transfer from Ripple

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Meanwhile, Ripple continues its massive token transfers of XRP.

The company kicked off the new year with a hugely impressive transfer of XRP worth more than $755 million.. The majority of funds have been moved into third-party escrow.

The remainder has been transferred to Ripple’s over-the-counter (OTC) trading wallets.. Ripple owns 60% of the total supply of XRP and regularly sells some of its escrow to institutions.

Over the past few days, Ripple has continued to move millions of digital asset values ​​into OTC distribution wallets.. This indicates that the company is preparing to sell approximately $23.5 million worth of XRP to large-money institutions and investors.

In October, Ripple announced that it sold a record number of XRP to institutions in the third quarter of last year.

Ripple, in the previous quarter It announced that it doubled its XRP sales, selling a total value of 163.33 Million Dollars of digital assets, which is more than double the $73.53 Million value sold in the previous quarter.

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