Advertisement
AD

Main navigation

Dozens of Millions of XRP Moved by Ripple's Key Partner Bitso, Here's What Happened

Advertisement
Thu, 15/12/2022 - 10:51
Dozens of Millions of XRP Moved by Ripple's Key Partner Bitso, Here's What Happened
Cover image via stock.adobe.com

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

Read U.TODAY on
Google News
Advertisement

Whale Alert tracker that tracks down large transfers of crypto has spread the word about several XRP transactions that carried big lumps of the Ripple-affiliated token. Ripple's major ODL partner is Mexico-based crypto exchange Bitso.

Roughly $39 million worth of XRP has been shifted. In the meantime, XRP remains in sixth place on the CoinMarketCap scale, but the price has seen a mild drop of nearly 4% today.

103.8 million XRP moved by Bitso and other players

According to the recent tweets of the aforementioned source, over the past 24 hours, 41,600,000 XRP; 35,000,000 XRP and 35,000,000 XRP were shoveled. The amount of 41.6 million XRP was shoveled by the Bitso crypto trading platform. The crypto was moved to one of its internal wallets, as it has been doing quite often recently.

A total of 27,227,292 XRP was shifted from Binance anonymously. Earlier this week, this major crypto exchange was faced with massive amounts of withdrawals after mainstream media reported that U.S. regulators are planning to charge Binance with money laundering.

Advertisement

As covered by U.Today two days ago, Whale Alert spotted a massive XRP lump of 300,000,000 moved from Binance.

Related

XRP market performance

Earlier today, the Ripple-affiliated cryptocurrency made a drop of slightly over 4%, falling from $0.3932 to the $0.3789 level.

Also, yesterday, XRP managed to reclaim sixth place on the CoinMarketCap ranking scale from Binance's stablecoin BUSD.

At the time of this writing, XRP is changing hands at $0.3801, showing a tiny rise.

Related articles

Advertisement
TopCryptoNewsinYourMailbox
TopCryptoNewsinYourMailbox
Advertisement
Advertisement

Recommended articles

Latest Press Releases

Our social media
There's a lot to see there, too

Popular articles

Advertisement
AD