A Ripple whale has transferred a whopping amount of 23.8 million XRP, approximately $16 million, to the crypto exchange Bitstamp.
The transaction was noted by blockchain tracker Whale Alert, which shared that the unknown address sent the amount to Bitstamp on November 5. The same address has also sent a significant amount of XRP to Bitso, one of the oldest crypto exchanges.
While the Ripple community is bullish on a potential IPO, all the XRP transactions are currently under the radar.
Also Read: Ripple Likely to Reduce Potential $770M SEC Fine, Says Legal Expert
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