Known for monitoring large cryptocurrency transactions and sharing details on its websites and social media channels, the well-known Blockchain Tracker Whale Alert has discovered large XRP transactions worth over $220,000,000.
98.2 million XRP on transfer to new wallet
The aforementioned data source shared details of the transfer with 98,292,623 XRP. This amount of cipher is equivalent to $219,121,793. The transaction was recently activated and started by an anonymous wallet to a blockchain address that contains only two call forwarding.
98,292,623 One of them was a transaction with XRP. Therefore, the market is witnessing the purchase of OTC and the emergence of new XPR whales or an old whale sorting his XRP holdings.
On April 28th, Whale Alert discovered a major move of 29,532,534 XRP coins that surprised the largest crypto exchange coinbase in the US. That amounted to $68,722,825.
However, it proved to be an internal transaction from one Coinbase wallet to another.
SEC puts XRP ETF on hold
As previously reported by U.Today, Bloomberg dismissed rumors intended BlackRock Proshare, which launched Exchange Trade Funds (ETFs) today on April 30, is an XRP futures ETF.
These reports have not been officially confirmed by ProShare and have been rejected by Bloomberg analysts. The BlackRock-related Fund is hoping that SEC regulators will announce a positive decision on May 14th.
The SEC also delayed the XRP ETF decision submitted by another major player, Franklin Templeton. I applied for this product shortly after submitting my Solana ETF application in March.
