According to Whale Alert, in the past 24 hours, two whale addresses have transferred nearly 500 million XRP. The first wallet transferred 412,334,412 XRP tokens, worth about $213 million, while the second wallet transferred 26,500,000 XRP, or $13 million. XRP transfers are sequential, and the 26.5 million XRP in the second transaction was sent by Ripple Labs to the cryptocurrency exchange Bitstamp.

This is not uncommon, as Ripple often sends large amounts of XRP to Bitstamp and the Mexican cryptocurrency exchange Bitso. These transactions typically range from 20 to 300 million XRP. These tokens may have been transferred as part of Ripple Lab's strategic alliance with Bitstamp and Bitso. In early October, about 100 million XRP was transferred to these two exchanges.