According to the data revealed by blockchain tracking platform Whale Alert, the two transactions that caught global attention showcased the shifting of a whopping 50.7 million XRP to CEXs, Bitstamp and Bitso.
The first on-chain transaction illustrated the transfer of 26 million XRP to Bitso, whereas the second highlighted the move of 24.7 million XRP to Bitstamp.
Notably, both the transfers mentioned above took place via the same wallet address, r4wf7enWPx…5XgwHh4Rzn. Furthermore, as reported by CoinGape Media earlier, the same address was also recorded, making similar noteworthy transfers in recent days.
Meanwhile, the transfer of XRP to Bitstamp and Bitso through the same address is now emerging as a recurring phenomenon within the crypto landscape. This may be primarily attributed to Ripple Lab’s strategic stake acquisition in the abovementioned CEXs.
XRP Price Tumbles
As of writing, the XRP price chart showcased a fall of 1.01% over the past 24 hours and is currently trading at $0.5769. Moreover, this fall was further accompanied by a weekly down surge of 8.76% and a monthly drop of 7.07%.