Large investors are transferring XRP worth tens of millions of dollars as online search interest in the crypto asset explodes.
In a series of tweets, the blockchain monitoring tool known as Whale Alert reports that high-stakes crypto whales moved a total of 119,723,157 XRP worth over $47.8 million in seven transactions.
One of the biggest transactions witnessed the shifting of 27,653,765 worth $10.6 million from crypto exchange Kraken to a wallet of unknown origins. In another transfer, a whale moved 27,143,113 XRP worth $11.8 million.
Three transactions relocated XRP from a wallet of unknown origins to a crypto exchange while two other transfers moved XRP from crypto exchanges to unknown wallets.
Here’s the summary of large XRP transactions in the last day.
- 13,526,279 XRP worth $5.3 million transferred from Bitstamp to an unknown wallet
- 13,000,000 XRP worth $5 million transferred from an unknown wallet to Huobi
- 13,000,000 XRP worth $5 million transferred from Bitstamp to an unknown wallet
- 12,700,000 XRP worth $4.9 million transferred from an unknown wallet to Kraken
- 12,700,000 XRP worth $4.9 million transferred from an unknown wallet to Kraken
The XRP whale activity comes as interest in the fourth-largest crypto asset explodes to a fresh all-time high. Google Trends shows surging interest in the search term “XRP” over the last two weeks from a low of 26 to an estimated 100, eclipsing the previous high of 76 recorded in December 2017.
Hotspots around the world with the most XRP searches are Slovenia, Ireland, Australia, the Netherlands, and Singapore.
Although XRP is an underperforming crypto asset in comparison to the growth of its large-cap peers, Ripple’s native asset has surged over 48% in the last seven days, according to CoinMarketCap. At time of writing, XRP is valued at $0.42.
Don't Miss a Beat – Subscribe to get crypto email alerts delivered directly to your inboxFollow us on Twitter, Facebook and Telegram
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Featured Image: Shutterstock/Bruce Rolff
