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XRP Liquidity Index Hits New All-Time High, 150 mln XRP Anonymous Transfer Detected by Whale Alert

Thu, 12/12/2019 - 10:07
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Yuri Molchan
The Liquidity Index of XRP on the Mexican Ripple’s partner Bitso exchange has reached a new all-time-high blasting past the $7-mln mark
XRP Liquidity Index Hits New All-Time High, 150 mln XRP Anonymous Transfer Detected by Whale Alert
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The largest Mexican exchange Bitso is a partner of Ripple and MoneyGram in the On-Demand Liquidity (ODL) corridor to Mexico, where XRP trades against the local peso.

Three weeks ago, the Liquidity Index of XRP on this platform reached the level of $6,792,777. On Wednesday, this amount was exceeded by a higher figure.

XRP Liquidity Index hits the $7-mln mark

The previous all-time high for XRP on Bitso was reached on November 20, hitting almost $6,793,000.

On Wednesday, December 11, this value reached $7,095,831 as reported by the Twitter bot.

Despite the growth of XRP liquidity which is obviously a good sign for a crypto, the price of XRP remains in the red. However, it has recently managed to recover the $0.22 level, as per CoinMarketCap.

Meanwhile, another ODL corridor working with XRP has recently shown a rise – the one which wires funds to the Philippines via the local Coin.Ph crypto exchange.

Almost $9 Bln in Bitcoin Transferred, Reports Whale Alert, XRP Can't Do That, Bitcoiner Says

150-mln XRP transfer between anonymous wallets

The Twitter bot Whale Alert that tracks large crypto transactions, including those made to scam projects, today detected a transaction of almost 150,000,000 XRP (that’s $32,560,178).

The funds were transferred from one unknown wallet to another.

The XRP community often considers big XRP transactions like that to be a dump on the market and expects the coin’s price to plummet, since there are too many of XRP in circulation already.

Besides, every month Ripple releases 1 bln XRP from its escrow wallet. The CEO Brad Garlinghouse has a couple of times stated that these releases are necessary to increase XRP liquidity.

Nevertheless, a lot of community members with the person who now seems to have become a crypto influencer – Crypto Bitlord (@Crypto_Bitlord) - are not happy about it.

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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