More Than 900 Million XRP Were Sent To The Not Known Crypto Wallet, Who Has This?

XRP cryptocurrency. (Photo; Doc. Guiado Bitcoin)

JAKARTA - In the midst of a legal feud between Ripple Labs as the XRP coin publisher and the US Securities and Exchange Commission (SEC), the largest crypto owners or whales secretly moved their XRP cryptocurrencies to the Ripple Escrow digital wallet. Whales were recorded to have moved more than 900 million XRPs in a short time.

According to a report from blockchain tracker Whale Alert, crypto holders XRP have moved their crypto holdings of 975.1 million XRP in less than two hours. The largest recorded transaction was 500 million XRP - 230.36 million US dollars - which was sent from an unknown wallet to the Ripple Escrow wallet.

500,000,000 XRP (230,365,080 USD) transferred from an unknown wallet to the Ripple Escrow wallet, wrote a statement from Whale Alert (@whale_alert) November 1, 2022. The second largest transaction visible was the transfer of 300 million XRP - worth 138.56 million US dollars from an anonymous wallet to Ripple.

According to Whale Alert, 500 million XRP tokens were immediately locked in an "escrow" - a feature that allows users to set conditional crypto payments - in the Ripple Escrow wallet. In addition, 200 million XRP tokens are also sealed in an ambulance in an anonymous wallet.

The #XRP500,000,000 (231.759.262 USD) is locked in an escort in the Ripple Escrow wallet, added Whale Alert's statement.

Per Whale Alert, a total of 54.23 million XRP - worth about 25 million US dollars - was sent to the Mexican-based cryptocurrency exchange Bitso from an unknown wallet, as reported by U.Today.

The data shows that whales moved 60 million XRP - worth about 28 million dollars - from anonymous wallets to Luxembourg-based crypto exchange Bitstamps. The same Bitstamp address sent 60.9 million XRP - worth 28.4 million dollars - to unknown wallets just 21 seconds after receiving the asset.

"60,921,933 XRP (28,461,968 USD) transferred from #Bitstamp to an unknown wallet," Whale Alert wrote.

The case of the Rpple vs SEC lawsuit is still ongoing. The latest development, the largest crypto exchange in the US, Coinbase, filed an amicus theft motion or a court friend as a third party will present certain evidence. Previously, Ripple CEO Brad Garlinghouse predicted the case could go on in early 2023. Even so, Garlinghouse did not explain the day it was completed with certainty.