73.5 Million XRP Wired by Two Major Exchanges: Details

Two of largest crypto exchanges have moved close to 80 million XRP

Two trading behemoths shovel $37 million in XRP
Ripple withdraws 1 billion XRP

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Mon, 10/04/2023 - 14:12

73.5 Million XRP Wired by Two Major Exchanges: Details

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Popular cryptocurrency tracker Whale Alert has spotted two transactions that moved large chunks of XRP from two major crypto exchanges, Crypto.com and Binance. Both transactions were made to anonymous wallets, as Whale Alert tagged them.

🚨 🚨 50,000,000 #XRP (25,409,675 USD) transferred from #CryptoCom to unknown wallethttps://t.co/RvND1lqR7S
— Whale Alert (@whale_alert) April 10, 2023

Two trading behemoths shovel $37 million in XRP

Whale Alert has shared that over the past 24 hours, Crypto.com exchange transferred 50,000,000 XRP and Binance moved 23,555,362 XRP, worth $25,409,675 USD and $11,783,643 USD.

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Details shared by XRP-focused explorer Bithump shows that Crypto.com transferred 50 million XRP to Binance, and Binance made an internal transfer of 23.5 million XRP.

🚨 23,555,362 #XRP (11,783,643 USD) transferred from #Binance to unknown wallethttps://t.co/ZRngTiQJm5
— Whale Alert (@whale_alert) April 9, 2023

Sat, 04/08/2023 - 20:00

Ripple CTO Compares XRP to Coconut, Here's Why It Is Important Analogy

Ripple withdraws 1 billion XRP

On April 1, Ripple fintech giant made a regular withdrawal from escrow, unleashing an astounding amount of 1 billion XRP from it. After that, 700 million XRP were locked back.

500,000,000 XRP just locked back up into escrow as part of Ripple's monthly escrow process.

Hash: 9E0A2083CAB0508AE99CA65AE78E4D9DAEE35C5778050156E4E8FE048B6EF379

Learn about Ripple's XRP escrow process here: https://t.co/6WPmhRS6Qm
— XRP Escrow Bot (@XRP_EscrowBot) April 1, 2023

The remaining 300 million coins will be used by the company to cover its current operational needs, and part of that amount will be sent to crypto exchanges and to financial institutions – customers of Ripple.

As of this writing, XRP is changing hands at $0.5048, according to data shared by popular crypto platform CoinMarketCap.

#XRP Transfer #Binance

About the author

Yuri Molchan

Yuri is interested in technology and technical innovations. He has been writing about DLT and crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. He 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.