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Crypto Whale Moves 220 Million XRP from Coinbase

After the recent price rise, XRP whales have been active. An anonymous user transferred 220,000,000 XRP from Coinbase, a cryptocurrency exchange, to an unknown wallet. The transaction’s total value is approximately $122 million.

The latest data from Whale Alert, a Blockchain tracker and crypto Analytics firm, shows that the transaction was completed on 16 February at 1:00 UTC. Another XRP transaction was reported by the company today, worth almost $99 million. An unknown user transferred $178,000,000 XRP to an unidentified wallet.

The surge in anonymous transactions has been largely due to the recent increase in XRP’s value. In the past 7 days, cryptocurrency has risen nearly 20%. The digital asset trades above $0.54, with a market cap exceeding $24 billion as of this writing. XRP currently ranks 6th in terms of cryptocurrency market capital.

Since the beginning of 2021, the digital asset has increased by more than 150%. After the SEC’s suit against Ripple, the XRP price suffered a significant drop in December 2017. After the SEC news and the delisting announcements made by the major crypto exchanges, the price plunged more than 60%.


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