XRP Soars to $0.94, While 72.6 Million XRP Gets Moved With Major XRP Delister Bitstamp’s Participation

News
Tue, 04/06/2021 - 08:02
article image
Yuri Molchan
Whale Alert detects almost 73 million XRP moved by two of Ripple ODL corridors and a few other crypto exchanges; meanwhile XRP has surged to $0.94
XRP Soars to $0.94, While 72.6 Million XRP Gets Moved With Major XRP Delister Bitstamp’s Participation
Cover image via stock.adobe.com
Read U.TODAY on
Google News

In the past 24 hours, two Ripple ODL corridors based in near-opposite parts of the worldLuxembourg and Australiahave shifted an astounding 72.6 million XRP, along with a few other crypto exchanges.

Almost $65 million in XRP on the move by top XRP delister

According to data shared by the Whale Alert team, over the past 24 hours, Bitstamp, BTC Markets and several other crypto exchanges have shifted a whopping 72.6 million XRP tokens.

This amount represents $64,916,397 in traditional fiat.

Bitstamp is a major crypto exchange based in Luxembourg and is an On-Demand Liquidity corridor for Ripple Labs; the BTC Markets exchange headquartered in Australia is as well.

However, in January of this year, Bitstamp suspended XRP trading after the U.S. securities regulator, the SEC, announced its lawsuit against Ripple on Dec. 21.

Bitstamp was among multiple crypto exchanges that followed suit and temporarily delisted the seventh-largest cryptocurrency, XRP. Among them are such giants as Coinbase, Bittrex, Binance US and others.

After suspending XRP, Coinbase has been spotted multiple times moving large amounts of this controversial coin both between internal wallets and to external ones.

Coinbase still allows its customers to store and withdraw XRP at will with no restrictions. It has also participated in moving the aforementioned XRP amount.

Related
XRP Pushes Total Cryptocurrency Market Value to $2 Trillion, Reaching 1065-Day High

XRP surges to $0.94, inching closer to $1

Just now, the seventh-largest crypto has continued rallying, expanding to the $0.94 level on Binance.

XRP began going up on Monday and soared as high as $0.87, reaching its highest point in nearly 37 months.

This is also the highest level XRP has hit this year. At press time, XRP is sitting at $0.89.

7090_0
Image via TradingView
article image
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.

thecryptobuds