- XRP’s trading volume skyrockets by 58% in 24 hours, exceeding $1.02 billion.
- Whale Alert reports a massive 409.7 million XRP transfer from Bitvavo to an unknown wallet.
- Ripple, Bitvavo, Bitstamp, Bitso, Upbit, and Crypto.com have moved 1.07 billion XRP this month.
Over the past 24 hours, the trading volume of XRP has surged by 58.23% as traders engaged in transactions involving more than $1.02 billion worth of XRP. This notable increase in trading activity aligns with significant movements of XRP orchestrated by prominent crypto investors.
In particular, Whale Alert, a reputable platform for tracking large-scale crypto transactions, has reported that 409,776,402 XRP has left the Bitvavo exchange to another wallet. At the time of the movement, the transaction was worth $201,627,816.
409,776,402 #XRP (201,627,816 USD) transferred from #Bitvavo to unknown new wallethttps://t.co/j0ho6BYxce— Whale Alert (@whale_alert) October 17, 2023
What sparked intrigue among crypto market participants was the destination of the nearly half a billion XRP tokens. According to Whale Alert’s report, the substantial tokens were moved to a new, unknown address.
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