Crypto whales move MATIC and XRP tokens worth hundreds of millions of dollars

The week has just begun, and already major players in the market have transferred XRP and MATIC tokens worth around $280,000,000.

Blockchain tracker Whale Alert spotted these whale transactions, with the whales mostly moving XRP and other tokens to Bitstamp and Bitso exchanges. Although there have been some transactions to these wallets as well, so it's not entirely clear what kind of moves these are :D.

Overall, the big shots of this world made two XRP transactions of $100 million each, and several others of $10 million. They also made several transactions of $6-11 million in MATIC.

Most transactions were made from wallets that have not been previously reported, and to wallets that are also unknown to the public. Such appearances of whales can signal volatility in the market, so it's worth keeping an eye on. And to stay updated, check out our Telegram channel.