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Ripple Keeps Sending XRP to Huobi, Moving 102.5 Million XRP Along With Top-Tier Turkish Exchange

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Tue, 04/27/2021 - 08:09
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Yuri Molchan
Ripple fintech giant continues sending XRP to Huobi, while a big old Turking crypto exchange moves a big number of XRP tokens
Ripple Keeps Sending XRP to Huobi, Moving 102.5 Million XRP Along With Top-Tier Turkish Exchange
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In the past 20 hours, Ripple cryptocurrency behemoth, major Turkish crypto exchange BtcTurk and two Asian trading giants have wired a whopping 102.5 million XRP, as per tweets published by Whale Alert.

Ripple keeps sending small stashes of XRP to the biggest Chinese exchange, Huobi.

Ripple helps transfer 102.5 million XRP

As reported by blockchain tracker Whale Alert, over the past 20 hours, four large XRP transactions took place.

Ripple has again sent 7,580,000 XRP from its RL18-VN wallet to the largest China-based crypto exchange, Huobi. The same amount of XRP was sent by the DLT giant to Huobi last week for several consecutive days.

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Huobi has also wired 15 million XRP to the trading giant Binance.

The oldest Turkish crypto exchange, BtcTurk based in Instanbul, founded in 2013 and now with three million registered users on more than seven continents, made two XRP transfers, sending 35.1 million and 44.8 million XRP between its own wallets.

The total amount of XRP sent was 102,500,000 coins, which equals $144,958,245.

Related
Jed McCaleb Shifts 202 Million XRP Over Past 10 Days While XRP Keeps Holding Above $1

CEO of Turkey exchange flees with $2 billion in crypto

As reported by U.Today earlier, the CEO of major Turkish exchange Thodex, Faruk Fatih Ozer, had left the country carrying $2 billion that belongs to users of the exchange.

Turkish police have detained 62 people in several cities in connection with this case. Faruk Fatih Ozer, however, left a public message saying that he will be back later to return the stolen money and face the legal consequences of what he has done.

Meanwhile, Turkey has joined the club of countries that have banned cryptocurrencies as a means of payment, enabling users to trade crypto only.

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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.