Big Move From Ripple Was Tracked By Whale Alert
Whale Alert tracked the movement of 160 million XRP by Ripple. Yesterday the company released 1 billion coins from escrow and now they put them back. They sent 10 millions on a crypto exchange Bitstamp and to their Luxembourg-based ODL platform.
20 millions were sent to company’s wallets that exist from 2012-2013. Bittrex moved 9.5 millions XRP between these wallets. And the biggest piece of this pack went through Bybit; it’s about 80% of them all.
Ripple always moves their XRPs to escrow each first day of the month. They’ve been doing this for several years to support the liquidity and provide the tokens for the company’s customers. This April they hit a record maximum number of them moved back.