Suspicious activity with XRP tokens, first noticed on Friday, July 15, continues to this day. According to WhaleAlerts, 60 million XRP worth $21.86 million was sent from a Ripple address to an unknown wallet. Three hours later, the same amount of XRP was sent from an unknown wallet to Bitso, a global crypto exchange based in Mexico.
— Whale Alert (@whale_alert) July 20, 2022
But that’s not all, as within an hour, 59.9 million XRP had already been withdrawn from one Bitso address to another or the same address they originally came from. It is also important to note that all the addresses involved in the turnover are holders of multi-million dollar amounts of XRP.
Will the XRP community be surprised by the big announcement?
The anomalous days for XRP began last Friday when the token traded 12x in two hours. Then, with the start of a new week, suspicious activity has been noticed again, while XRP moves with multi-million dollar transactions from wallets to exchanges and back in short periods of time. This trend is still relevant today.
As previously reported, recent events do not directly affect the price of XRP. The token continues to trade at the top of the price range, where it hits a strong resistance level of $0.375. However, despite the lack of direct impact, indirectly, these transactions may signal possible price fluctuations in the future.
Perhaps XRPL or Ripple are preparing some big ads or upgrades, or maybe it’s just moving tokens from one pocket to another.
Credit : u.today