Ripple Labs, a fintech company based in San Francisco, has transferred 30.3 million XRP to the Bitstamp exchange. This is the second large crypto transfer spotted by Whale Alert, with the previous one totaling 29 million XRP. Both transfers were made for the Ripple Payments service, which utilizes XRP for fast and low-cost international payments. Additionally, a massive 50 million XRP was transferred from Crypto.com to a wallet of the Binance exchange. Despite a decrease in whale activity on the XRP Ledger, these whales continue to accumulate XRP coins.
AI Sentiment: Positive