Main navigation

74 Million XRP Moved by Ripple and Two Top-Tier Exchanges

News
Mon, 05/10/2021 - 09:13
article image
Yuri Molchan
Two top-tier digital exchanges based in the US have transacted seventy-four million XRP in two large batches, Ripple has taken an active part in this
74 Million XRP Moved by Ripple and Two Top-Tier Exchanges
Cover image via stock.adobe.com
Read U.TODAY on
Google News
Contents

Twitter bot Whale Alert, which tracks large movements of cryptocurrencies, has detected two substantial amounts of XRP moved by leading crypto exchanges in the past 20 hours.

74 million XRP leave Coinbase and Bittrex

As per data posted by Whale Alert on Twitter recently, in the past 20 hours, 74 million XRP have been transacted by the San Francisco-headquartered Coinbase and Seattle-based Bittrex crypto trading companies.

Coinbase shifted 62 million XRP internally. Bittrex moved 12 million XRP to the Upbit exchange.

At the current XRP price of $1.62, this is the fiat equivalent of $118,880,382.

7514_0
Image via Twitter

Curiously, these trading platforms are among those that shut down XRP trading in winter this year after the U.S. regulatory agency, the SEC, initiated a lawsuit against blockchain behemoth Ripple.

Related
Ripple Releases 100 Million XRP, Here’s Why It May Be Sent to Huobi

Ripple prepares to send 100 million XRP to China

As reported by U.Today over the weekend, on Saturday, Ripple Labs shifted a staggering 100 million XRP to its RL18-VN wallet.

Data from the Bithomp website that works with XRP analytics shows that this money is going to crypto exchange number one in China—Huobi—in 5,472,400 XRP batches.

On May 9 and today, Ripple has already wired this XRP lump to the Huobi platform. This sum in crypto is going to be shifted to Huobi on a daily basis this week.

article image
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.