Ripple Helps Shovel 156.3 Million XRP As Coin Rises 6%

Sat, 03/19/2022 - 21:13

Ripple fintech giant, anon wallets and major US digital exchanges have wired a close to 160 million XRP, part of it was sent to an ODL wallet

Ripple Helps Shovel 156.3 Million XRP As Coin Rises 6%

Cover image via stock.adobe.com

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Whale Alert crypto tracking bot has detected that in the past eighteen hours, Ripple DLT heavyweight, several anonymous wallets and large cryptocurrency exchanges have together moved more than 156.3 million XRP.

Meanwhile, earlier today, the sixth largest crypto, Ripple-affiliated XRP, has shown a rise by nearly six percent, staging a large green hourly candle.

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156.3 million XRP transferred by Ripple and exchanges

Whale Alert has published six tweets, showing that a $127,679,559 in XRP has been shifted by Ripple Labs and several anonymous wallets that have proved to be set up by popular crypto trading venues, according to the data shared by Bithomp, an XRP-focused data platform.

In particular, Ripple giant has sent 20,000,000 XRP to the Coins.ph exchange headquartered in the Philippines and operating as one of Ripple’s On-Demand Liquidity (ODL) corridors.

Among the other platforms that have taken part in wiring the aforementioned amount of XRP are Bittrex, FTX, BitGo, etc.

XRP_transfer_990ripple — *Image via Twitter*

#XRP Transfer #Ripple News #Cryptocurrency exchange

About the author

Yuri Molchan

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.