Ripple Keeps Moving Millions of XRP to Bitstamp as Whales Grab Billions of It

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Ripple Keeps Moving Millions of XRP to Bitstamp as Whales Grab Billions of It
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Global fintech giant has shoveled another impressive XRP lump to Bitstamp, while whales and sharks have added great amount of XRP coins

The amount of 30.3 million XRP overall was sent to Bitstamp, per the above-mentioned source. This is the second crypto transfer of that size spotted by Whale Alert this week. On Oct. 8, an anonymous address shifted 29,000,000 XRP.

Last month, as reported by U.Today, Ripple also moved tens of millions of XRP to Bitstamp, and once, Whale Alert also detected a transaction made to the Bitso exchange. Overall, Ripple has transferred 119,000,000 XRP worth $59,199,878.It is worth noticing that both Bitso and Bitstamp are platforms that collaborate with Ripple on"Ripple Payments" service, formerly known under the name"On-Demand Liquidity" .

According to a recent tweet by Santiment on-chain data vendor, the whale activity on XRP Ledger has dropped significantly compared to the last two calendar years. Still, regardless of that, XRP whales have still been accumulating XRP coins.

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