While XRP is showing an almost ten-percent price increase, top-tier digital exchanges have shifted more than 106 million in this coin
Popular blockchain service whale alert which tracks large digital currency transactions announced that in the past twenty-two hours, top exchanges have moved 106.3 million XRP coins.
In the meantime, CoinMarketCap shows that in the past twenty-four hours, the sixth largest cryptocurrency has appreciated by 7.30 percent.
106 million XRP moved by several trading giants
According to recent tweets posted by the aforementioned crypto tracker, several top crypto trading firms shoveled a total of 106.3 million XRP tokens into four big chunks.
The amount of crypto shifted by the exchanges is equal to $84,489,029 in fiat.
Among the senders are the largest trading platforms – Binance and FTX. The former moved 21,229,848 XRP between its wallets and the latter moved 35,156,310 XRP to Bittrex.
The EU-based Bitstamp exchange has acted as a recipient in two crypto transactions here – it received 30,000,000 XRP from the US-based crypto custody service BitGo (acquired by Mike Novogratz’s Galaxy Digital last year). The second transfer to Bitstamp was made from a wallet that belongs to Bittrex.
XRP increases by more than 8%
According to data provided by CoinMarketCap, the Ripple-affiliated digital currency XRP has demonstrated a price increase of 7.30% in the past twenty-four hours.
At the time of writing, XRP is changing hands at $0.7983 and the price growth totals 8.10 percent. The price growth has come as a result of the judge rejecting the attempts of the SEC to prevent Ripple from using its fair notice defence in the law suit.
RippleNet member raises $11 million to expand remittance offering to unbanked people
RippleNet member fintech giant Pyypl, headquartered in the United Arab Emirates, recently raised $11 million from international investors in a Series A funding round, according to The National. are primarily international family officers and high net worth individuals who participated in the investment round.
Pyypl operates on the blockchain and offers digital payment services to smartphone users, allowing them to transfer money online without using their bank account or bank card.
Funds raised by the company will enable it to expand into the GCC markets (these include Oman, Qatar, Kuwait, UAE, etc.) as well as Mozambique and Kenya.
Ripple started collaborating with Pyypl at the end of October last year to bring ODL services to the Middle East and Africa.
