While trading in the crypto market has tumbled after the 10% correction, some whales have begun to move their XRP holdings away from various exchanges.
An anonymous crypto wallet moved around $20 million worth of XRP from the Bitstamp exchange to an unknown wallet, according to blockchain data.
The wallet, with 20 million XRP added, currently holds 51 million XRP tokens. The wallet had previously moved the same amount of tokens to Bitstamp. Anonymous wallet has completely taken back the money it carried to the stock market.
It is unknown why the crypto whale did this. Some community members think it is done for the purpose of providing liquidity.
XRP is trading at $ 0.9564 at the time of writing.