Advertisement
AD

Main navigation

Record 610 Million XRP Moved by Ripple and Anon Addresses, Ripple Receives 150 Million XRP

Advertisement
Thu, 28/04/2022 - 13:23
Record 610 Million XRP Moved by Ripple and Anon Addresses, Ripple Receives 150 Million XRP
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
Contents
Advertisement

Popular crypto tracking service Whale Alert has spotted several large XRP transfers, carrying a total of 609.5 billion tokens. Two of them moved 460 billion XRP.

This is happening while the sixth largest cryptocurrency is showing a 14.30% decline over the past week.

610 billion XRP shoveled, large part of it sent by Ripple

The aforementioned crypto tracker has published details of several crypto transactions, carrying massive chunks of XRP.

The two largest ones were worth 310,669,160 and 150,000,000 XRP, worth $200,612,543 and $96,714,743, respectively.

Ripple has moved 70,000,000 XRP to one of its extra wallets—RL18-VN, which suggests that the fintech giant plans to move this money outside the company since it has always been used for sending XRP to its customers or crypto exchanges.

The 150,000,000 XRP lump was also moved to Ripple by an unknown wallet. According to data shared by XRP-focused data service Bithomp, this was an internal transfer by the San Francisco-based company spearheaded by Brad Garlinghouse.

XRP_00Ripple_00890jk
Image via Twitter

Related
Record 512 Million XRP Shifted by Ripple and Unknown Wallets: Report

Ripple and Bitso ODL corridor moving XRP

Another transaction made by Ripple here was moving 40,000,000 XRP to the Bitso exchange based in Mexico. That is the largest trading platform in Latin America and a crypto unicorn. Besides, since 2019, it has been operating as one of Ripple's ODL corridors.

Bitso has also moved 38,900,000 XRP internally.

XRP_2RippleBitso_0089hjibnmwr0
Image via Twitter
Advertisement
TopCryptoNewsinYourMailbox
TopCryptoNewsinYourMailbox
Advertisement

Latest Press Releases

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

Popular articles

Advertisement
AD