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610 Million XRP Transferred by Huobi Giant While XRP Rises to $0.51

News
Wed, 02/10/2021 - 10:24
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Yuri Molchan
Cryptocurrency tracker Whale Alert has shared data about several eye-popping XRP transfers in which more than 600 million coins have been moved by the Huobi giant
610 Million XRP Transferred by Huobi Giant While XRP Rises to $0.51
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Whale Alert has detected that, over the past 17 hours, Huobi crypto trading giant and large cryptocurrency owner has shifted a mammoth-sized amount of crypto: 610 million XRP tokens.

In fiat, this represents $278,594,530.

Huobi wires almost $279 million, Coinbase shifts 10 million XRP

According to data presented to the community by Whale Alert crypto tracker, in the last 17 hours, China-based Huobi exchange has wired approximately 600 million XRP tokens (around $273 million) in three transactions.

The transfers carrying 100 million, 200 million and 300 million XRP were conducted between the internal wallets of the exchange, possibly between hot and cold storage vaults.

In a separate tweet, Whale Alert also noted that a crypto wallet with an anonymous owner had sent 10 million XRP to Binance. According to data from Bythomp analytics provider, the sender was Coinbase exchange.

XRP 6392_12
Image via Twitter

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XRP surges to $0.51 as ETH and BTC hit new all-time highs

After holding at the $0.46 mark on Tuesday, XRP token has now managed to rise to the $0.53 level and, at press time, is trading at $0.51, according to data shared by CoinMarketCap.

XRP 6392
Image via CoinMarketCap

So far, XRP has made it back into the top five, having reclaimed fifth place from Polkadot (DOT).

Recently, XRP has risen from the $0.37 price mark up to the present level as Bitcoin and Ethereum have been growing in price: Ethereum has surged from the $1,524 area to yesterday's all-time high of $1,800.

As for the flagship cryptocurrency, Bitcoin has scored two consecutive all-time highs since Monday, Feb. 8: $44,000 and $48,000.

Both ATHs were driven by Tesla's announcement about allocating almost ten percent of its cash reserved, an eye-popping $1.5 billion, into Bitcoin.

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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.