A large transaction involving XRP has simply occurred as per the well-known blockchain transaction monitoring platform Whale Alert. As per the report, a staggering quantity of 20 million XRP has been transferred to the well-known cryptocurrency trade Bithumb from an unknown cryptocurrency pockets. Reportedly, the transaction occurred a number of hours in the past on the 13th of Could.
$50 Million Price Of XRP Simply Transferred To Bithumb
The switch is huge because it carried 20,000,000 XRP cash. The whole value of those XRP cash transferred to the Bithumb digital forex trade from the unknown pockets is round $50 million.
🚨 🚨 🚨 20,000,000 #XRP (50,123,331 USD) transferred from unknown pockets to #Bithumbhttps://t.co/I3B56cw7j4
— Whale Alert (@whale_alert) May 13, 2025
This transaction has occurred because of the fluctuation value actions proven by the fourth largest digital forex over the course of the previous few weeks. Bithumb is the second largest digital forex trade in South Korea and such a large switch to this main crypto trade has arisen hypothesis within the cryptocurrency neighborhood. Some consider that it could be a superb paid to the US Securities and Alternate Fee.
The pockets addresses of each sender’s and receiver’s which had been used on this switch belong to the Bithumb trade. A complete of greater than $1.5 billion XRP remains to be current within the pockets of the sender.
A Crypto Whale Makes $7.5 Million Revenue On XRP
As the worth worth of XRP has elevated over the course of the previous few days, an unknown cryptocurrency whale has earned a staggering revenue from this rise within the value worth of XRP.
The crypto whale was buying and selling lengthy on the 2 main cryptocurrencies Ethereum (ETH) and XRP and has earned an quantity of practically $8 million in revenue, as per information shared by well-known blockchain analytics platform Lookonchain. The whale has to shut its lengthy positions on ETH and XRP after locking the revenue because the market began pulling again.