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718.3 Million XRP Shoveled by Ripple Labs and Its Major ODL Platforms

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Sat, 12/18/2021 - 09:01
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Yuri Molchan
A close to 720 million XRP has been shifted by Ripple giant, Binance and the major ODL corridors
718.3 Million XRP Shoveled by Ripple Labs and Its Major ODL Platforms
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Whale Alert spreads the word that in the past twenty-four hours, a jaw-dropping amount of 718.3 million XRP has been kicked over by several crypto asset companies – Ripple, Binance and two more digital exchanges.

Over half of that amount of sent by Ripple Labs in two massive lumps. The total worth of the transferred XRP amounts to $585,946,261.

Ripple wires over half a billion XRP

Data shared by the major crypto tracking platform shows that Ripple behemoth conducted two mammoth-sized transactions of 460,669,182 and 120,000,000 XRP. That totals $364,871,463 and $95,718,622 in fiat.

The transfers were made from the same Ripple’s wallet rLzoWkN8Rc1MV5rs8rAfo5uTREJ1A3Z9ak which had zero coins left after that. The funds went to different addresses belonging to the company.

Related
Ripple Helps Shift 265 Million XRP, Sending 150 Million Coins in One Go

137.7 million XRP sent from Binance and ODL platforms

Another three impressive XRP transactions (not as large as the ones made by Ripple, though) were spotted by Whale Alert prior to those performed by Ripple. Binance shifted 80 million XRP between its wallets.

An anonymous wallet moved 20 million XRP to Bitso – the first crypto unicorn in Latin America and the leading exchange in Mexico and the region, also an ODL corridor of Ripple. According to the data from BIthomp website, this crypto was sent from US-based Bittrex exchange. Besides, Bitso shifted 17,700,000 XRP internally.

Another transaction from Bittrex delivered 20 million XRP to another Ripple ODL corridor – Bitstamp, located in Luxembourg.

BitsoXRP000_98
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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.