According to the data provided by "ledger.exposed", 0.01% of the wealthy accounts holding more than 20 million XRP have accumulated more XRP. Analyzed by the data, podcast host Mark Phillips speculated that it was institutional investors buying a lot of XRP. At the same time, Whale Alert detected two large XRP transfers. The first 22 million XRPs were transferred between Bithumb's wallets, about $ 5,318,957; the second large transfer was sent to the wallet of former Ripple CTO Jed McCaleb. McCaleb is co-founder of Stellar Lumens and former CTO of Ripple. The amount sent to his wallet was 41,242,351 XRPs, or about $ 994,0773.