WhaleAlert, a platform that tracks large transactions in cryptocurrencies, has revealed in its data that Ripple has sold 50 million XRP tokens. Their price is said to be around $ 1.88 million. This cryptocurrency has been sent to the company’s alternative wallet RL18-VN. This address is used to convert XRP tokens to fiat money. In addition, this wallet is also used by the company to send cryptocurrencies out of the company. This includes crypto exchanges, financial institutions and other Ripple clients. Apart from this, this wallet is also used to send XRP on the company’s Liquidity Corridor (ODL platform).
In addition to the 50 million tokens sent on RL18-VN, around 717 million XRP tokens have been sent to global crypto exchanges. These include global exchanges such as Bittrex, Bitstamp, BitGo and Bitso. Apart from this, two major transactions of tokens have also been done in anonymous wallets. One of them sent 286,122,720 XRP tokens valued at $106,641,340 and the other sent 279,622,820 tokens valued at $105,723,950. In total, $180,770,321 worth of tokens have been sent from the company.
Talking about the price of Ripple’s XRP, it is currently trading at Rs 28.63. Its price is down 3% in the last 24 hours. However, this is a slight downside. Its price has been increasing continuously for the last 3 days. There is a possibility that it may reappear in green color till the end of the day’s trade.