An Anonymous Crypto Whale Bought 100 Million XRP

An anonymous XRP wallet has purchased 100 million XRP (worth approximately $74 million at the time of writing).

According to data from WhaleAlert, a wallet holding more than 100 million coins bought 100 million XRP.

The ultimate destination of the funds is uncertain, as the wallet is constantly transferring the funds received to smaller wallets and is also not affiliated with any other exchange.

The identity of the whale is likely known to exchange officials, as the funds were received from an exchange that requires KYC procedures for the withdrawal of digital assets.

The previous transaction of the whale took place on March 7, when it carried 1.6 million XRP on the central exchange.

XRP Price Action

XRP, like most digital assets, remains at a certain level. The asset is trading at the mid-February level, revealing that it is following the overall uncertain trend.

XRP is trading at $0.7731 at the time of writing, according to CoinMarketCap data.

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