1 Billion XRP worth $1.6 Billion Released From Ripple Escrow Wallet in Two Successive Transactions
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Whale Alert, the tracker of large cryptocurrency transactions, has reported the transfer of a total of 119,723,157 XRP worth over $47 million in seven transactions.

One of the largest of the transactions saw the movement of 27,653,765 XRP worth $10.6 million from crypto exchange Kraken to a wallet of unknown origin. In another transfer, a Ripple moved 27,143,113 XRP to an unknown wallet.

Read Also: Top Researcher Says Likely Flaw in Ripple’s Deal with Jed McCaleb Could Affect XRP Price after He Sold 29.5M XRP in a Day

Three transactions moved XRP from unknown wallets to cryptocurrency exchanges, while two others sent XRP from crypto exchanges to wallets of unknown origin.

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Read Also: Jed McCaleb Effects about $3 Million Selloff, As XRP Liquidity Indexes Stay Low

The summary of the transactions can be found below:

  1. 12,700,000 XRP worth $4.9 million transferred from an unknown wallet to Kraken
  2. 12,700,000 XRP worth $4.9 million transferred from an unknown wallet to Kraken
  3. 13,526,279 XRP worth $5.3 million transferred from Bitstamp to an unknown wallet
  4. 13,000,000 XRP worth $5 million transferred from an unknown wallet to Huobi 
  5. 13,000,000 XRP worth $5 million transferred from Bitstamp to an unknown wallet

Online Search for XRP Hits All-Time High

The reported XRP whale activity comes as the interest in the digital token XRP skyrocketed to a new all-time high.

Google Trends shows increasing interest in the search term “XRP” over the last two weeks from a low of 26 to 100, eclipsing the previous high of 76 recorded in December 2017.

Crypto Whales and Ripple Are Moving XRP Worth Tens Millions of Dollars as Online Search for XRP Hits ATH
Courtesy of Google Trend

The regions around the world with the most XRP searches are Slovenia, Ireland, Australia, the Netherlands, and Singapore.

Read Also: Whale Moved 150M XRP Worth $28M; Garlinghouse on Ripple Making CNBC’s Disruptor 50 List

According to CoinMarketCap, XRP is an underperforming digital asset compared to the price growth of other cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), among others. However, the digital asset has surged over 20% in the last seven days. At press time, XRP is trading at 0.4339.

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Solomon Odunayo

By Solomon Odunayo

Solomon Odunayo is an accomplished blockchain and cryptocurrency expert at Herald Sheets, known for his in-depth analysis and engaging articles that cater to both beginners and experienced readers. With a degree in Computer Science from the University of Lagos, Solomon leverages his technical background and keen understanding of the crypto space to provide readers with valuable insights and up-to-date news. His passion for innovation and commitment to staying current with industry developments make him a trusted voice in the digital currency community.