By Solomon Odunayo
According to Whale Alert, the bot that tracks large transactions of cryptocurrency from and to exchanges, the sum of 800 million XRP worth $162,400,000, was moved out of Ripple OTC Distribution wallet in 4 batches, to 4 different wallets.
First Batch
As reported by Whale Alert, the first batch of the transactions was the sum of 200 million XRP worth $40,557,899 at the time of the transaction. The huge movement was noticed on 8th June 2020, at 22:55:21 UTC, from Ripple OTC Distribution Wallet to an unknown wallet.rE5Ekd2hTy62WNbCfpsN9DEC4bd8utr5Cx.
Whale Alert shared this, “200,000,000 XRP (40,557,899 USD) transferred from Ripple OTC Distribution wallet to unknown wallet.”
🚨 🚨 🚨 🚨 200,000,000 #XRP (40,557,899 USD) transferred from Ripple OTC Distribution wallet to unknown wallet
— Whale Alert (@whale_alert) June 8, 2020
Second Batch
The second batch of the transactions was also the sum 200 million XRP worth $40,634,187 at the time of the transaction. And it was effected on 8th June 2020, at 22:57:00 UTC, from Ripple OTC Distribution Wallet to an unknown wallet rpynXLU7rAHtdKmdwgiVqLSfz9xwDvK4hy.
“200,000,000 XRP (40,634,187 USD) transferred from Ripple OTC Distribution wallet to unknown wallet,” Whale Alert reported.
🚨 🚨 🚨 🚨 200,000,000 #XRP (40,634,187 USD) transferred from Ripple OTC Distribution wallet to unknown wallet
— Whale Alert (@whale_alert) June 8, 2020
Third Batch
The third batch of the transactions was the sum of 200 million XRP worth $40,545,346 at the time the transfer was effected. According to Whale Alert, the huge movement was made on 8th June 2020, at 22:58:11 UTC, from the same Ripple OTC Distribution Wallet to an unknown wallet rBZz5VCEXpYzvhN8jWCC2Sb2QVDzsM5WKs.
“200,000,000 XRP (40,545,346 USD) transferred from Ripple OTC Distribution wallet to unknown wallet,” Whale Alert shared.
🚨 🚨 🚨 🚨 200,000,000 #XRP (40,545,346 USD) transferred from Ripple OTC Distribution wallet to unknown wallet
— Whale Alert (@whale_alert) June 8, 2020
Last Batch
Going by the report, the last batch of the transactions was also the sum of $200 million worth $40,584,256 at the time of the transaction. The transfer was effected on 8th June 2020, 22:59:30 UTC from Ripple OTC Distribution Wallet to an unknown wallet rwBS6P88HnmTGkRgms78uM51LQL9p6Fcyb.
“200,000,000 XRP (40,584,256 USD) transferred from Ripple OTC Distribution wallet to unknown wallet,” Whale Alert reported.
🚨 🚨 🚨 🚨 200,000,000 #XRP (40,584,256 USD) transferred from Ripple OTC Distribution wallet to unknown wallet
— Whale Alert (@whale_alert) June 8, 2020
The Price of XRP in the Market
The price of XRP, the 4th largest cryptocurrency by market capitalization, has been stable in the market despite the huge transaction.
Virtually all the top digital currencies in the market have been stable, with no huge loss or gain over the past hours. At the time of filing this report, XRP is trading at $0.203582, with a 0.19% price uptrend based on 24 hours estimation.