4.1 Billion XRP Moved from Bittrex Within Hour, Here's What May Be Happening

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4.1 Billion XRP Moved from Bittrex Within Hour, Here's What May Be Happening
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Somebody moved a record 4.124 billion XRP from Bittrex in the past hour. Ripple $XRP XRParmy

Per the aforementioned source, all these funds were moved from top U.S.-based cryptocurrency exchange Bittrex.Seven transactions out of those ten carried half a billion XRP each, and each of the other two transferred 300,000,000 and 324,254,650 XRP. That adds up to more than 4.1 billion XRP in all. This amount of XRP is evaluated at roughly $1.5 billion.

Whale Alert has tagged the sending wallet as one that belongs to major crypto exchange Bittrex. All of the transfers were sent to wallets marked as"unknown" by Whale Alert. However, details provided by Bithomp, XRP-focused wallet tracking platform, shows that the receiving addresses were set up by Upbit, a major South Korean crypto exchange.

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