According to XRP-focused tracker XRPL Monitor, many of the most prominent exchanges and anonymous wallets have put roughly 400 million XRP into the blockchain in the last twenty hours.
The aforementioned tracking bot has discovered many huge chunks of XRP (ranked 7 by CoinMarketCap at press time), each containing 10 million to 40 million coins.
Binance, FTX, Bittrex, Ripple’s ODL partner in Latin America, Bitso, and other big exchanges were among the senders and receivers. Furthermore, over a dozen anonymous wallets were implicated in these numerous transactions.
As of this writing, XRP is trading at $0.6205, representing a 1.28 percent loss in the last twenty-four hours.