Nearly 100 million XRP has been transferred between crypto-whales and major exchanges, according to recently shared blockchain data
Blockchain service Whale Alert spreads the word that, in the past 20 hours, 98.4 million XRP have been transferred by major participants in the crypto market and provides details in its tweets. Distributed ledger technology provider Ripple is on the shipper list here.
Almost 100 million XRP moved by leading market players
According to the aforementioned blockchain sleuth, several leading digital exchanges and anonymous owners of crypto wallets have shifted 98.4 million XRP tokens. This amount of crypto makes up a whopping $ 106,517,732.
Six crypto transactions were conducted, carrying from 10 million XRP to 46,869,520 XRP. Ripple has transferred 20 million coins from one of its alternative RL18-VN wallets to the Bitstamp exchange in Luxembourg.
Curiously, this crypto platform suspended XRP trading in January this year after the SEC initiated its loud lawsuit against Ripple Labs, its CEO and co-founder.
Crypto trading giant Binance was mentioned the most as of the date of these six XRP transfers. The exchange moved two lumps of 10 million XRP to the Gopax platform. He also received 15,800,000 XRP from the aforementioned Bitstamp.
An anonymous whale shoveled 46,869,520 XRP to another anonymous crypto wallet. This is the equivalent of $50,135,910 in fiat.
On October 5, Binance also received 30,000,000 XRP from the Chinese stock exchange Huobi. Aside from that, U.S.-based Bittrex moved 12 million XRP to the Upbit exchange.
Former Ripple partner teams up with Stellar
Earlier today, it was reported that the former partner of Ripple, the remittance giant MoneyGram, had signed a partnership agreement with Ripple’s current rival – Stellar Development Foundation, a non-profit organization. based in Delaware, USA, which supports the development of the Stellar blockchain.
Stellar was founded by former Ripple chief technology officer and co-founder Jed McCaleb, who left Ripple in 2013—a year after it was created.
MoneyGram and Stellar will use the second most popular USDC stablecoin to settle payments via instant conversion from USDC to fiat and vice versa.
This is a pilot project that will see a complete rollout in 2022. Almost a year ago, on October 15, news broke that USD Coin would be extended to the Stellar blockchain.
Ripple’s partnership with San Francisco-based MoneyGram started back in 2019, with Ripple buying a large stake in the latter. However, in March of this year, the partnership was terminated due to the lawsuit filed by the SEC in December 2020.
