Earlier today, popular crypto tracking service Whale Alert detected a mammoth XRP transaction: almost 100 million XRP.
Almost $27 million in XRP wired to Coinbase
The anonymous crypto whale has transferred a staggering 99.9 million XRP to the largest U.S.-based exchange, Coinbase. That is the crypto equivalent of $26,766,003 in fiat at the present XRP exchange rate.
However, data provided by analytics website Bithomp reveals that this was an internal transaction made between Coinbase wallets.
On Dec. 30, 2020, it was reported that Coinbase was sued by the SEC for permitting "illegal" XRP sales and charging trading commission fees from those sales.
Prior to that, the U.S. security and exchange regulator initiated an official legal complaint against Ripple itself and its two high-profile executives, CEO Brad Garlinghouse and former CEO and cofounder Chris Larsen, for selling XRP as an unregistered security.
Ripple has hired 21 lawyers to protect its interests and the interests of its two CEOs in court.
RippleNet records $2.4 billion worth of transactions
As reported by U.Today earlier, Ripple's ODL solution for quick and low-cost funds transfers has reported $2.4 billion worth of crypto transactions in 2020.
The amount of XRP transfers made via ODL by financial institutions totaled a whopping three million.
According to RippleNet GM Asheesh Birla, ODL meets the greatest demand in the Asia-Pacific region at the moment. Mr. Birla also expects two ODL corridors, between the Middle East and North Africa and India, to remain the most active in 2021.
Aside from that, this year, RippleNet will expand beyond the field of remittances and into B2B transactions and e-commerce payments.
Denys Serhiichuk
Tomiwabold Olajide
Godfrey Benjamin
