84.4 Mln XRP Hula Hoops Around Binance, While XRP Liquidity Indexes Fail to Reach New ATHs
XRPL Monitor crypto tracker has reported that over the past 24 hours, a gargantuan amount of 84.4 mln XRP passed through the Binance digital exchange. That equals $21,421,875.
Binance sees 84.4 mln XRP going through it
Binance conducted three transactions, bearing 15.4 mln XRP, 6 mln and 30 mln XRP.
It transferred 15.4 mln XRP to the institutional custodial platform BitGo and moved the rest of the money between its internal digital wallets.
Bybit exchange also transacted 33 mln XRP to Binance.
XRP is the fourth largest cryptocurrency with a $11,500,462,708 market cap. After the recent surge of the crypto locomotive – Bitcoin – first above the $11,000 resistance and then above $12,000 and $13,000, altcoins have started growing in price, including XRP.
However, it has not shown any substantial bullish dynamics yet.
Yuri MolchanXRP Liquidity Indexes fail to gain traction
According to data shared by the Liquidity Index Bot account on Twitter, indexes of XRP liquidity remain in the lows, failing to approach the current all-time highs.
The bot measures XRP liquidity at four ODL platforms – Bitso, Bitstamp, Coins.ph and BTC Markets.
Despite Ripple's regularly transfers of XRP to various exchanges to keep the coin’s liquidity high and further expansion of ODL (with several new corridors announced to be opened this year by Ripple), those metrics have been unable to show high figures almost since Black Thursday on March 13.
Bitso has recently confirmed that 10 percent of its transactions are performed using Ripple’s On-Demand Liquidity remittance solution.
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