Whale Alert detected three large XRP transfers, while the coin gained more than 15%
Prominent blockchain tracker Whale Alert that shares details on large crypto transactions via their Twitter account has posted three tweeted with details of large XRP transactions.
Two of them were made on Ripple ODL’s partner platforms. As the price of XRP rose by more than fifteen percent, crypto market participants began transferring large amounts of this leading digital currency.
70 million XRP moved to ODL platforms
Whale Alert spotted three transactions – two carrying 20 million XRP each and one transferring 30 million of Ripple-affiliated coins.
The first transfer, in which 30 million XRP was transferred, was made by leading South Korean exchange Bithumb between its wallets. According to data from Whale Alert, this platform often performs large internal XRP transfers.
The other two transactions were made by an anonymous wallet to Bitso and Bitstamp – both exchanges collaborate with Ripple fintech heavyweight providing transactions using Ripple’s On-Demand Liquidity service used for seamless cross-border payments.
Bitso is based in Mexico, while Bitstamp is located in Luxembourg and on Friday announced the opening of an office in Amsterdam.
XRP shows an over 15 percent spike
The eighth largest cryptocurrency, XRP, has gained more than fifteen percent over the past 24 hours and at the moment is trading at $0.6714, according to the data provided by CoinMarketCap.
XRP has seen a massive decline of almost 42% since December 23, when it was trading at $1.01. From January 22 to February 4, the coin was trading in the $0.59 range, occasionally taking a slight rise above $0.6.
However, since February 5, XRP has added 15.33 percent, now trading at $0.67099.
