Crypto traders are tracking a recent transfer of 99,999,900 XRP worth about $27.4 million.
According to Whale Alert, the transaction happened between two wallets of unknown origin. The XRP explorer Bithomp says the transfer cost less than a penny.
? ? 99,999,900 #XRP (27,445,997 USD) transferred from unknown wallet to unknown wallet
— Whale Alert (@whale_alert) November 13, 2019
Although the receiving address was not identified by Whale Alert, a crypto analyst known as Light Crypto tells his 19,000 followers the XRP in question may have been transferred to a known market maker.
That’s because the wallet that received the XRP has sent dozens of transactions to an address created and owned by a Singapore-based crypto trading platform called Triple Dice Exchange, according to Bithomp.
$27.5M in Ripple $XRP just sent to market-making firm addresses: https://t.co/Byg6YVOoTE
— light (@LightCrypto) November 13, 2019
Although a number of giant Bitcoin whales surfaced on Wednesday, large holders of XRP have been relatively quiet.
A recent analysis of crypto sentiment from DailyFX IG found more than 96% of XRP traders are long – a higher number than Bitcoin, Ethereum and Litecoin.