Unknown user moves $122 million worth of ripple (xrp) from Coinbase wallet

An anonymous user has moved 220 million xrp worth of $122 million approx. from Coinbase to an unknown wallet address. This movement comes after recent surge in xrp price to $0.64244.

XRP latest price chart snapshot from Binance

According to the latest data published by the blockchain tracker, Whale Alert, the transaction was executed on 16 February at 1:00 UTC. The company also reported another XRP transaction today where an unknown user transferred $99 million worth xrp to one external wallet.

After the reported coin movements the price dropped significantly and is trading around $0.52 levels.