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XRP Liquidity Index Hits New All-Time High, 150 mln XRP Anonymous Transfer Detected by Whale Alert
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.
Liquidity Index for Bitso XRP/MXN (28-day moving trend)
— Liquidity Index Bot (@LiquidityB) December 10, 2019
Day progress: 92%
Today so far: 7,095,831
All Time High: 6,792,777
Data: https://t.co/v07j0Xh3s1 pic.twitter.com/HmMWCjG4fv
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.
Yuri Molchan150-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.
? ? ? 149,999,900 #XRP (32,560,178 USD) transferred from unknown wallet to unknown wallet
— Whale Alert (@whale_alert) December 12, 2019
Tx: https://t.co/ntWHIOTGz2
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.
Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
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