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1.2 Billion XRP Shifted by Bithumb and Other Top Exchanges Ahead of Spark Airdrop

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Thu, 12/10/2020 - 09:45
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Yuri Molchan
A mammoth-sized 1.2 billion XRP has been wired by leading exchanges Bithumb, Kraken and a few others just two days before the snapshot for Spark airdrop is to be made
1.2 Billion XRP Shifted by Bithumb and Other Top Exchanges Ahead of Spark Airdrop
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A gargantuan amount of XRP tokens has been wired over the past 15 hours, as per data shared by XRPL Monitor.

Global top-tier crypto exchanges, headed by Bithumb and Kraken, have transferred over 1.2 billion XRP. The transfers were made in 100-million and 200-million lumps on average with just two days to go before the snapshot for the long-awaited Spark token airdrop will take place.

Aside from that, Jed McCaleb is selling another 29.6 million XRP: the fourth consecutive XRP dump this week.

Top exchanges shift $689,163,704 in XRP

XRPL Monitor tracking service has posted data about several mammoth-sized XRP transactions conducted over the past 15 hours: 1.2 billion XRP, representing $689,163,704 USD.

The majority of these funds was wired by the biggest South Korean trading platform, Bithumb, and San Francisco-based Kraken run by Jesse Powell.

All in all, Bithumb transacted 700 million XRP (three transfers). Kraken wired 397 million XRP (four transfers).

On the other major XRP transactions the following exchanges took place: Kraken, Bittrex, Bitfinex, Houbi, Coinbase and Binance. All these exchanges have announced their support for the approaching Spark token airdrop conducted by Flare Networks.

XRP
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Related
Ripple Sends Whopping 266 Million XRP to Jed McCaleb, He Cashes Out 29.5 Million

Two days left before the snapshot for Spark airdrop

Flare Networks has created a utility fork of XRPthe first of its kindto allow the original chain to start running smart contracts via Ethereum Virtual Machine, which will also be integrated.

On Dec. 12, the snapshot of the XRP Ledger will be taken in order to later be used for the free Spark token distribution between XRP holders.

Jed McCaleb dumps another 29.6 million XRP

This is already the fourth time since Saturday that the former Ripple CTO and its cofounder, Jed McCaleb, has transferred a 29.6 million XRP lump from his "tacostand" wallet.

On Dec. 9, Ripple transferred an astounding 266 million XRP to his wallet. That is $148,031,671.

XRP
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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.