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177.6 Million XRP Moved by Ripple, Coinbase and Binance: Details

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Thu, 04/22/2021 - 11:47
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Yuri Molchan
In the past 20 hours, Ripple and several major digital trading platforms have transferred an amount close to 178 million XRP
177.6 Million XRP Moved by Ripple, Coinbase and Binance: Details
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According to blockchain tracking service Whale Alert, which tracks large amounts of wired digital currencies, in the past 20 hours, 177.6 million XRP tokens have been moved by Ripple, Binance and several other big crypto exchanges.

That amount of XRP is equivalent to a whopping $228 million in fiat.

Ripple, Binance, Coinbase shift 177.6 million XRP

Recent tweets published by Whale Alert state that several major crypto companies, including the Ripple blockchain decacorn, as well as leading crypto exchanges like Binance, Huobi and Coinbase, have kicked over a total of $227,995,486 in XRP equivalent between each other.

Ripple has moved almost 10 million XRP to the Huobi exchange from its RL18-VN wallet. Notably, the same transaction took place on April 21.

BitGo has sent 10 million XRP to the Binance exchange. Coinbase shifted 38.9 million XRP (equal to $50,624,877) between its wallets.

Apart from that, Coinbase moved 7.7 million XRP to the Bitstamp exchange located in Luxembourg, one of the exchanges that delisted XRP back in January after the SEC brought its legal suit against the fintech giant on Dec. 21. The same goes for Coinbase, Binance US and Bittrex.

Binance transacted 10 million XRP to the BitGo custodial service. However, the largest lump was moved by the Bybit exchange: 130.7 million XRP ($173,389,199).

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Related
SEC Wants to Prevent Ripple from Searching Its Staff's Personal Devices

SEC seeks to prevent Ripple from searching its staff's personal gadgets

As reported by U.Today earlier, the SEC agency seeks a court order that would forbid Ripple from obtaining its internal communications and prevent it from accessing the personal gadgets of its commission staff.

The SEC insists that Ripple is making "new and broader claims" which exceed the limits allowed by the court order.

The regulatory agency accuses Ripple of "discovery gamesmanship" and harassment.

This started when the court had partly approved of Ripple accessing the SEC's documentation regarding Bitcoin and Ethereum's status as non-security assets.

But now, the SEC seeks a prohibition order to allow Ripple to work only with the SEC's external documents in this case.

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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.