231 Million XRP Wired by FTX, Binance, KuCoin as XRP Is Trending
Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
Whale Alert service that tracks large amounts of crypto transferred on the blockchain has spotted seven hefty XRP transfers conducted by several large digital exchanges.
More than half of this XRP amount – 100 million coins – has been wired in a single lump. In the meantime, the Ripple-affiliated cryptocurrency remains in the red, dropping by roughly 12% in the past three days.
230.6 million XRP wired by top exchanges
The Whale Alert team has spread the word about a total of 230.6 million XRP coins moved in lumps of 15 million and 20 million. The majority carried 15 million XRP, and only two of the seven transactions were worth 20 million and 29 million XRP.
The largest of these transfers moved a whopping 100 million coins in a single lump. The total value of the transferred XRP amount comprises $175,030,277.
The following popular crypto exchanges have participated in these transfers: FTX, Bittrex, Binance, KuCoin and Mexican crypto decacorn Bitso. They conducted these XRP transactions between each other.
The aforementioned amount of 100,000,000 XRP coins was moved from Binance to Bittrex.
? ? ? ? ? ? ? 100,000,000 #XRP (77,252,555 USD) transferred from unknown wallet to unknown wallethttps://t.co/UgU1E77bMB
— Whale Alert (@whale_alert) March 15, 2022
Yuri MolchanXRP is trending, but there's a catch
Recently, Santiment data vendor warned the XRP community of a possible side effect of the currently rising trend that XRP entered after a 15% uptick, surpassing $0.84 for the first time since Feb. 16.
At the moment, the sixth largest cryptocurrency, Ripple-affiliated XRP, is trending both on social media and on the crypto market.
However, the Santiment analytics team has warned the XRP army that, historical, it has happened that traders begin to take their profits off the table once XRP starts trending and turns into a hot topic.
Despite the recent growth, over the past three days, the coin in question has shown a decline of around 12%, and it is changing hands at $0.7548 at the moment.
? $XRP is trending to kick off the weekend after a +15% surge saw prices peak above $0.84 for the first time since Feb. 16th. Historically, our social trends indicate that profit taking is justified whenever the crowd makes the #XRPNetwork a top topic. https://t.co/58Ct2rZVzk pic.twitter.com/nl9Ka6jwkf
— Santiment (@santimentfeed) March 12, 2022
Related articles
Denys Serhiichuk
Tomiwabold Olajide
Dan Burgin
Alex Dovbnya
Vladislav Sopov