As per data from the crypto transaction tracker service Whale Alert, a huge XRP transfer was spotted earlier in the day.

The transaction amounted to a total of 350,000,000 XRP, and was worth around $134.8 million at the time of the transfer. At the current exchange rate, this stack of coins converts to about $130 million. Such massive transactions usually belong to either a single whale or an entity made up of multiple investors. The sender address in this case was a wallet belonging to the crypto exchange Binance.

The destination of the transfer was an unknown wallet. Such wallets are likely to be personal addresses, or at the very least aren’t part of any central exchange or other crypto platform.