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113.3 Million XRP Moved from Ripple ODL Corridors to BitGo and Binance

News
Thu, 05/20/2021 - 13:24
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Yuri Molchan
Whale Alert has detected over 113 million XRP transferred by two Ripple ODL platforms, BitGo and three other major exchanges
113.3 Million XRP Moved from Ripple ODL Corridors to BitGo and Binance
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A total of 113.3 million XRP have been transferred by several major cryptocurrency platforms in the past 20 hours.

Those include two Ripple ODL venues: Bitso and Bitstamp. The former has recently turned into the first crypto unicorn in Latin America.

Bitso, Bitstamp and Binance shift 113 million XRP

Whale Alert crypto tracking tool has shared that several major exchanges have wired a staggering amount of crypto between each other, including such leading companies as Bitstamp, Binance and Bittrex.

There have been seven transactions, with Bitstamp participating in four of them. It has sent 15.7 million XRP to BitGo twice, then transferred 10 million XRP to the same institutional crypto custody wallet.

It also received 10 million coins from the same platform.

Also, Bitso moved 12 million XRP to the Binance exchange.

The overall amount of XRP that has been shifted is 113.3 million tokens, which amounts to $140,000,596 in fiat.

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Ripple Co-Founders Chris Larsen and Jed McCaleb Lose 19% and 27% of Their XRP Fortunes

Chris Larsen and Jed McCaleb's XRP net worths decline

As reported by U.Today earlier, Forbes has published a list of crypto billionaires that have lost a substantial amount of their fortunes over the last nine days.

Ripple co-founders Chris Larsen and Jed McCaleb are among them. During the recent period of crypto decline, they have lost 19 percent and 24 percent of their net worths, respectively.

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About the author

Yuri is a crypto journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. ‘Hodls’ major cryptocurrencies and has written for multiple crypto media outlets. 

His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.

Currently Yuri is a news writer at U.Today and can be contacted at yuri.molchan@u.today.