Ripple Sells Tens of Millions of XRP at a Loss – Price Drops After Recent Rise

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Ripple Sells Tens of Millions of XRP at a Loss – Price Drops After Recent Rise
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Close to half a billion XRP transferred, with transaction from Ripple that moved millions of XRP to sell

has transferred several tens of millions of XRP to a major crypto exchange, which seems like a sale, as reported by major blockchain tracker Whale Alert.

Prior to that, a staggering amount of several hundreds of millions of XRP was moved from a crypto exchange to an anonymous wallet.The above-mentioned crypto tracking service spotted two large transactions, carrying 29,700,000 XRP and 425,322,309 XRP. The first lump was transferred to Bitstamp. Details provided by Bithomp, an XRP-oriented data provider, show that the sender of this crypto was San Francisco-based blockchain company Ripple Labs, which transferred almost 30 million XRP to sell it for $15,040,591.

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