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XRP Remains Ahead of Other Altcoins, Reaching Big Milestones This Week: Santiment

Sat, 07/23/2022 - 08:24
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Yuri Molchan
Recently shared analytics data shows that XRP has been hitting some major milestones this week and has been ahead of other altcoins
XRP Remains Ahead of Other Altcoins, Reaching Big Milestones This Week: Santiment
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Santiment data aggregator has spread the word about large amounts of dormant XRP tokens getting shifted. In the meantime, Whale Alert has reported about 375 million XRP moved over the past two days.

Lots of dormant XRP coins get moved

In a recent tweet, popular data provider Santiment stated that over the last week, the seventh largest digital currency, Ripple-affilated XRP token, has hit a few big milestones. Among them, Santiment mentioned, was several primary active wallets beginning to move their XRP contents.

Aside from that, the data producer shared a chart, according to which several large dormant XRP wallets have also begun to shift their coins. Santiment analytics team stated they would continue keep a close watch on this top ten token.

Earlier this week, U.Today covered that large XRP transfers were spotted by crypto tracking platform Whale Alert after former Ripple CTO finally sold the rest of his XRP holdings. WA notice that massive transfers of XRP were made to withdraw crypto from FTX and Bitstamp exchanges.

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375 million XRP on the move

According to Whale Alert, a popular platform that tracks large movements of crypto, over the past 48 hours, a total of 374.5 million XRP has been transferred. The largest single chunk of crypto here amount to 155,000,000 tokens.

In this streak of transfers, FTX moved 63,501,812 coins to BitGo and Bitstamp moved 46,075,670 XRP to the same destination. BitGo, which was acquired by Mike Novogratz’s Galaxy Digital last year, offers crypto custody services to various companies and financial institutions, including Ripple Labs.

Also, major US exchange Bittrex also moved 60,000,000 and 50,000,000 to Bitstamp and Bitso, the Latin America’s crypto unicorn invested into by Ripple.

The aforementioned 150-million XRP transfer was conducted by from Binance to Bittrex.

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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.