Crypto Whale Moves 196 Million XRP Coins Worth IDR 1.4 Trillion To Dompat Crypto Anim

Crypto whales move XRP coins to unknown wallets. (Photo; Doc. Coinsurge)

JAKARTA - Whale Alert, a platform that tracks large amounts of crypto transactions across blockchains, recently reported a large number of XRP withdrawals from Bitvavo, one of Europe's leading crypto exchanges.

This withdrawal reached 196.4 million XRP tokens worth $101.5 million (IDR 1.4 trillion) and raised a question mark because the digital assets were transferred to unknown wallets.

Based on data from XRP Scan and Bithomp, two sites providing information about XRP transactions, this recall occurred through an interesting series of events.

Initially, a new unknown wallet was activated today through this big transfer. Then, the wallet sent most of the XRPs it received to two other anonymous wallets. Finally, the origin wallet has been completely vacated.

This may suggest that these mysterious wallets are actually Bitvavo's internal storage wallets, which often make similar transfers for security purposes or fund management. However, this has not been confirmed by Bitvavo.

This large transfer occurred in the midst of a fluctuating XRP price movement. Despite experiencing a decline of more than 5.5% which made this token drop to $0.496 (Rp 6,800) per token, XRP managed to make a surprising recovery, surging back to the level above $0.5 (Rp 6,900) per token.