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XRP Transfers Worth $49.5 Million Tracked from Bithumb to A Mysterious Wallet

XRP Transfers Worth $49.5 Million Tracked from Bithumb to A Mysterious Wallet

XRP Transfers Worth $49.5 Million Tracked From Bithumb to A Mysterious Wallet-techcryption

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.

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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.

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