"Binance witnesses the migration of 100,614,759 XRP to anonymous wallets"

Social tracker Whale Alert has detected a large number of XRP tokens being transferred from Binance to anonymous destinations in the past few hours.
The first transaction involved the transfer of 50,307,383 XRP from Binance to an XRP wallet with the initials “rarG6FaeYh.” The transaction took place at 23:40 UTC on May 31, 20 minutes before the new moon. At the time of the transaction, the value of the XRP assets moved was $26,081,749.
100 million XRP transferred out of Binance
Just one hour later, another 50,307,376 XRP, worth over $26.08 million, was transferred from Binance to another anonymous wallet. In total, Whale Alert recorded 100,614,759 XRP worth $52,125,759 being transferred from Binance to two anonymous wallets.
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Anonymous wallet review
An examination of blockchain data has revealed possible connections between two unconfirmed XRP wallets and a well-known crypto exchange.
In particular, Binance launched these two wallets five months ago.
Furthermore, the transaction history of each wallet shows frequent small-scale transfers to different platforms, which were completed within a few minutes.
421 Million XRP Moved in Two Days
Meanwhile, Binance is not the only well-known exchange where large XRP transfers can be observed.
Last Thursday, tracking service Whale Alert observed the transfer of 58,190,000 XRP from undisclosed wallets to centralized exchanges Bitstamp and Bitso.
On the same day, Kraken, a well-known US exchange, transferred 262,575,885 XRP, worth more than $137.2 million, to an unknown wallet in a single transaction. The transfer attracted community attention, with Whale Alert's tweet receiving 150,000 interactions.
Interestingly, these large XRP transfers coincided with XRP’s price dropping to $0.5136 on the same day.
Basically, over the past two days, as the value of XRP dropped, there has been a major XRP transfer involving major exchanges, with a total of 421,380,644 XRP tokens being transferred.
Ripple will join this trend
Meanwhile, more XRP transfers from crypto payments firm Ripple are expected in the coming hours. Ripple expects to unlock 1 billion XRP in early June. However, Whale Alert has not yet recorded this unlock.
Typically, after this unlocking, Ripple would re-lock 800 million XRP and use the remaining 200 million XRP for operating expenses. This pattern was seen on May 13 and May 20, when Ripple transferred 150 million and 50 million XRP to external wallets, respectively.
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