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Almost 100 Million XRP Wired by Top Exchanges as XRP Spikes 50%

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Fri, 12/25/2020 - 14:22
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Yuri Molchan
Whale Alert has spotted nearly 100 million XRP transferred by major and minor exchanges while XRP has surged back to $0.37
Almost 100 Million XRP Wired by Top Exchanges as XRP Spikes 50%
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Crypto tracking bot Whale Alert has tweeted that four major XRP transfers have taken place over the past 24 hours, carrying a total of 95.6 million XRP.

Meanwhile, the third largest cryptocurrency, XRP, has recovered approximately 50 percent after its recent fall suffered on the news of the SEC lawsuit.

95.6 million XRP shifted by exchanges

Whale Alert has shared details of four weighty XRP transfers that constitute $36,261,731 in fiat. The transfers were made between major digital exchangesBinance, Houbi, BitGo crypto custodial platform, Bitrue, Kraken and others.

XRP
Image via Twitter

Related
Ripple Is Not the Only Crypto Giant Sued by SEC, Here Are Some More

XRP recovers to $0.37 as crypto-friendly chairman now helms SEC

Earlier this week, the third biggest crypto collapsed more than 50 percent on the news that the US securities regulator officially sued it for raising over one billion USD on unregistered securities.

This step was taken by the former SEC chairman, Jay Clayton, who then resigned on the same day: Dec. 23.

In his place, Elad Roisman has now been appointed. This person is believed to be one of the SEC commissioners who has adopted a friendly attitude toward cryptocurrencies.

Meanwhile, after this news emerged, XRP showed a massive rise by over 50 percent. At press time, the coin is sitting at $0.3786.

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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.