Ripple Transfers $226 million in XRP As Bitcoin (BTC) Whales Transfer $168 million in Crypto


Ripple just moved nearly a quarter billion dollars of XRP to start the month of May.

The San Francisco fintech startup transferred 1,000,000,000 XRP from its escrow wallet to three separate Ripple wallets.

Additionally, Ripple sent 55,079,321 worth $11.8 million to co-founder Jed McCaleb as part of a negotiated settlement process after he left the company in 2013.

In total, the dollar value of the XRP Ripple ledger sent was just over $226 million at the time of issuance.

Ripple, which owns more than half of the total XRP supply, opens XRP from escrow every month. Make funds available for sale to third parties.

The company recently published its latest quarterly report showing that it sold $1.75 million of digital assets in the first quarter of this year.

Bitcoin Whales are also busy as the week draws to a close, moving a total of 19,254 BTC worth $168 million. Ten transfers move crypto from exchanges to unknown wallets. Eight sent crypto from unknown wallets to Exchange. The remaining three transfers are from one crypto exchange to another.

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