Ripple Whale Sent 23.8M XRP To Crypto Exchange Bitstamp

Last updated: November 6, 2023 10:05 AM

Published November 6, 2023 10:05 AM

Last updated: November 6, 2023 10:05 AM

Published November 6, 2023 10:05 AM

Ripple Whale Sent 23.8M XRP To Crypto Exchange Bitstamp

A Ripple whale has transferred a whopping amount of 23.8 million XRP, approximately $16 million, to the crypto exchange Bitstamp.

🚨 23,800,000 #XRP (15,600,863 USD) transferred from unknown wallet to #Bitstamp https://t.co/41E5Qw9llm
— Whale Alert (@whale_alert) November 5, 2023

The transaction was noted by blockchain tracker Whale Alert, which shared that the unknown address sent the amount to Bitstamp on November 5. The same address has also sent a significant amount of XRP to Bitso, one of the oldest crypto exchanges.

While the Ripple community is bullish on a potential IPO, all the XRP transactions are currently under the radar.

Also Read: Ripple Likely to Reduce Potential $770M SEC Fine, Says Legal Expert

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TAGGED:Bitstamp Ripple XRP

By Gopal Solanky

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Gopal is a passionate crypto researcher & writer with a keen interest in innovations. Being in crypto space for over 4 years of period, he has gained extensive knowledge and technical understanding in DeFi by studying various protocols and decentralized infrastructures.