Whale Alert crypto tracking bot has spotted 30 million XRP moved in three transfers over the past 16 hours. This constitutes $16,265,780 in fiat.
Chris Larsen and Ripple help shift 30 million XRP
Two of these transactions were performed by Ripple fintech giant, affiliated with XRP, and the company's cofounder and former CEO, Chris Larsen.
The high-profile Ripple executive transferred 10 million XRP to the Binance exchange.
Ripple blockchain decacorn wired the same amount of XRP tokens to its ODL partner in Mexico—Bitso. The data came from Bithomp XRP analytics website.
As covered by the media earlier, the U.S. securities regulator, the SEC, initiated a lawsuit against Ripple, Garlinghouse and Chris Larsen for selling unregistered securities—XRP—and making over $1 billion in the process.
Recently, U.Today reported that Ripple and the SEC believe the chances of settlement in this case are small.
The third transaction was the Crypto.com exchange wiring 10 million XRP to Binance.
XRP trading in the $0.55 range
After rising to the $0.6 level on Feb. 13 and 14, XRP token has been trading in a range near $0.5 over the past two days.
Meanwhile, XRP remains in sixth place with ADA remaining in fifth place and Polkadot holding onto fourth. The gap in the market cap value between XRP and these two coins is increasing.