A trio of crypto whales just moved large amounts of XRP as the sixth-largest crypto asset witnesses one of its most bullish stretches so far this year.
Whale-watching bot Whale Alert initially spotted the transfers of deep-pocketed investors amounting to over $61.04 million worth of XRP.
One of the largest transfers in the past day involves a large whale relocating 50 million XRP worth $22.84 million from crypto exchange Bitso to a wallet of unknown origin.
? ? 50,800,000 #XRP (22,840,638 USD) transferred from #Bitso to unknown wallethttps://t.co/qtoDMKhtk8
— Whale Alert (@whale_alert) March 26, 2023
A second whale shifted a total of 55 million XRP worth $24.64 million from an unknown wallet to two different crypto exchanges, where they could potentially be sold on the open market. The whale in question first relocated 23 million XRP worth $10.36 million from an unknown wallet to Bitso. In a second transaction, the same whale transferred 32 million XRP worth $14.28 million to Bitstamp.
A third whale moved 30 million XRP worth $13.56 million from crypto exchange Upbit to a wallet of unknown origin.
XRP explorer Bithomp shows that it costs virtually nothing to transfers tens of millions of dollars worth of the sixth-largest crypto asset.
The whale transfers come after XRP rallied big last week. The top altcoin surged from last week’s low of $0.37 to a high of $0.49, marking an increase of more than 32% in just seven days.
XRP has given up some of its gains since last week’s high and is trading for $0.447 at time of writing.
Don’t Miss a Beat – Subscribe to get crypto email alerts delivered directly to your inbox
Check Price Action
Follow us on Twitter, Facebook and Telegram
Surf The Daily Hodl Mix
 
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Featured Image: Shutterstock/Mia Stendal