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440 Million XRP Wired by Major Players with 225 Million Shifted in Single Lump

News
Fri, 01/07/2022 - 13:56
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Yuri Molchan
Almost half a billion XRP transferred by major crypto platforms, while XRP drops to $0.76
440 Million XRP Wired by Major Players with 225 Million Shifted in Single Lump
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Popular crypto tracker Whale Alert has detected four "heavy" transfers of XRP conducted by major crypto exchanges over the past 15 hours.

Half of that amount was moved in a single motion. Meanwhile, the eighth-largest cryptocurrency, XRP, has shown a slight decline, now trading in the $0.7 range, as per CoinMarketCap.

The price drop took place after the recent move of the SEC against Ripple Labs in court.

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Over 5,300 BTC Bought by Three of the Largest Bitcoin Whales on January 7

Top-tier exchanges shift 439.7 million XRP

Four transactions carrying large amounts of XRP have been noted by the blockchain tracking platform, with major global exchanges participating in the transfers.

However, these crypto transfers have been made between internal wallets of exchanges: South Korea's CoinOne, Bithumb, etc. The largest single transaction carries a staggering 249,999,980 XRP—that is the equivalent of $188,604,850.

The smallest transfer was made by major South Korean exchange Bithumb: 20 million XRP. The other two wires moved 70,000,000 and 99,766,000.

The total amount of crypto shifted today constitutes $356,498,874 in fiat.

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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.