The crypto community has recently tracked a high volume of XRP transfers in less than a month, from an exchange platform in South Korea known as Bithumb.
Reportedly, a popular whale watcher, Whale Alert has identified six transfers in the last month with a total of 212 million XRP worth $49.5 million from a wallet owned by the exchange to a mysterious wallet.
Interestingly, the latest alert tracked 45 million XRP worth $10.7 million sent in a single transfer, with data from XRP explorer, Bithomb indicates the mysterious wallet was activated by Bithumb on behalf of one of its users.
Additionally, Whale Alert notified that the receiving account of the cryptocurrency is either selling or redistributing to various exchanges. Notably, the cryptocurrency exchange platform has not commented on the issue yet.
What's Your Reaction?
Nurul is an English Language graduate who is highly passionate on writing, she literally breathes on it. An avid reader and a critical thinker, she covers on blockchain news during day and weeps at sad novels at night.