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Ripple and Bittrex Transfer 65.6 Million, With Ripple Sending Most of It

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Wed, 04/28/2021 - 11:23
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Yuri Molchan
Ripple giant and Bittrex exchange wire almost 70 million XRP with Ripple moving the largest portion of these crypto assets
Ripple and Bittrex Transfer 65.6 Million, With Ripple Sending Most of It
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Ripple blockchain decacorn has made several big XRP transfers along with the Bittrex crypto exchange over the past 20 hours.

Ripple has pushed approximately 40 million XRP tokens to crypto exchanges, including its Mexican ODL corridor, according to blockchain sleuth Whale Alert.

Ripple and Bittrex shift over $87 million worth of XRP

San Francisco-based blockchain giant Ripple has performed several major XRP transactions in the last 20 hours, sending XRP to the largest Chinese exchange Huobi and its ODL platform in Mexicocrypto trading platform Bitso, which also spreads ODL in Latin America and is the biggest crypto exchange in the region.

Ripple has wired another 7.6 million XRP to Huobi, which seems to be a systematic transfer as the blockchain giant has been doing that for the second week in a row nearly every day. A similar transaction from Ripple to Huobi was made yesterday as well.

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The DLT giant also wired 10 million XRP to Bitso via its RL18-VN wallet and moved 20 million XRP to the same wallet, possibly to be transferred outside of Ripple later on.

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Bittrex transferred 20 million XRP to the Upbit exchange.

The total value of XRP transacted in these transfers is $87,196,721.

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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.