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175.1M XRP Wired by Ripple and Its ODL Corridor as XRP Liquidity Index Hits New ATH

Fri, 5/06/2020 - 12:05
Ripple joins its European ODL corridor and a few other major exchanges in transferring 175.1m XRP
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175.1M XRP Wired by Ripple and Its ODL Corridor as XRP Liquidity Index Hits New ATH
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The XRPL Monitor blockchain data provider shows that over the past twenty-four hours 175.1m XRP was sent by the DLT giant Ripple, its On-Demand Liquidity venue and a few major Korean exchanges.

This giant amount of XRP totals $36,193,170.

Ripple and Bitstamp move 175m XRP together with other exchanges

XRPL Monitor has reported nearly a dozen transfers of large sums of XRP (from 10m to 27m XRP each). The San-Francisco blockchain heavyweight Ripple was one of the transferring parties here as it moved 69.8m XRP - $14,427,660.

Article image
Image via @XRPL_Monitor
Article image
Image via @XRPL_Monitor

Ripple’s Luxembourg-based ODL corridor Bitstamp wired 40m XRP (that amounts to $8,176,000).

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Image via @XRPL_Monitor

Two large South Korean exchanges – Bithumb and Coinone – also took part in moving this jaw-dropping amount of funds.

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XRP Liquidity Index hits new ATH

The Liquidity Index Bot on Twitter has reported that the index of XRP liquidity on one of the ODL-based venues set up by Ripple has hit a new all-time high.

It happened on the Australian exchange BTC Markets. After leaving behind the previous ATH of 15,672,859 with 15,965,332, the new ATH settled at 16,089,305.

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Image via @LiquidityB

On Bitstamp, the XRP liquidity index is growing too, coming close to breaking the current liquidity record.

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