Ripple’s ODL corridor in Mexico and wallets on a few other top exchanges have received 126.5 million XRP
Investors made several large transactions between their wallets, moving nearly 130 million Ripple-affiliated XRP tokens to major digital exchanges, according to Whale Alert.
126.5 million XRP on the move
The aforementioned cryptocurrency tracker has tweeted that in the last 15 hours, an astounding amount of XRP tokens has been shoveled by crypto whales as they moved their XRP mostly from Bittrex to Bitstamp, Bitso and so on.
Whale Alert spotted five transactions, carrying a value of $105,840,893 in XRP, or 126.5 million tokens. These funds were moved in tranches of 13,601,064; 30,000,000; 40,000,000; 22,300,000 and 20,260,426 XRP.
From that amount, 70 million were sent from the U.S.-based Bittrex platform to Bitso and Bitstamp. The latter has already resumed XRP trading after suspending it in January 2021 after the SEC started a legal action against Ripple and its two highest-ranking executives, Chris Larsen and Bradley Garlinghouse.
Bitso also moved 22,300,000, moving it between its own wallets. This Mexico-based cryptocurrency unicorn received an undisclosed investment from Ripple Labs in the fall of 2019 and is now one of the ODL corridors, along with Bitstamp.
