XRP saw a significant surge in whale transactions over the weekend. Deep-pursed addresses underwent a large-scale transfer of up to 630 million tokens in under three hours amid a market downturn threatening to batter the asset to the lows at $0.36. 

Notably, Whale Alert flagged that this massive whale campaign was broken down into six separate transactions in less than 3 hours. The first whale transaction was the largest, and it involved the movement of 253 million XRP ($92.7 million) between two unidentified wallets on Sunday at 18:58 (UTC).

Barely a minute after the first transaction, the recipient wallet immediately transferred 232 million XRP ($87.4 million) from the received funds to another unidentified wallet, marking the second whale movement.

Three of the remaining transactions were carried out by the unidentified wallet as it sought to offload the funds to Bitstamp. All three transactions saw 140 million XRP moved to a central Bitstamp address in 12 minutes. The first involved 35 million XRP ($13.2 million), the second involved 45 million XRP ($17.1 million), and the third saw 30 million XRP ($11.3 million) moved.

(By ALBERT BROWN)

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