98,292,623 XRP Transferred Mysteriously as New Whale Is Born

Prominent blockchain tracker Whale Alert known for monitoring large cryptocurrency transactions and for sharing their details on its website and social media channels, has spotted a massive XRP transaction worth more than $220,000,000.

98.2 million XRP on the move to a new wallet

The aforesaid source of data shared the details of a transfer which carried 98,292,623 XRP. This amount of crypto is equal to $219,121,793. The transaction was initiated by an anonymous wallet to a blockchain address that was just recently activated and contains only two incoming transfers.

The transaction which carried the 98,292,623 XRP was one of them. Therefore, the market is either witnessing an OTC purchase and a new XPR whale emerging or it is just an old whale rearranging his XRP holdings.

On April 28, Whale Alert also spotted a substantial transfer of 29,532,534 XRP coins that stunned the largest US-based crypto exchange Coinbase. That was the equivalent of $68,722,825.

However, it proved to be an internal transaction from one Coinbase wallet to another.

SEC puts XRP ETFs on hold

As reported by U.Today earlier, Bloomberg has dismissed rumors about BlackRock’s ProShares launching their XRP-backed exchange-traded funds (ETFs) today, on April 30. Those were meant to be XRP futures ETFs and the news reports which later proved to have been based on an old regulatory filing that was dated on April 30.

Those reports did not receive any official confirmation from ProShares and were dismissed by a Bloomberg analyst. The BlackRock-related fund now expects the SEC regulator to announce a positive decision on May 14.

The SEC has also delayed a decision on an XRP ETF filed by another major player – Franklin Templeton. It had filed for this product soon after submitting a filing for a Solana ETF in March.

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