Several top exchanges and anonymous wallets have transferred close to 680 million XRP; almost half of it was moved in a single chunk
A staggering 678.5 million XRP tokens have been transferred by major crypto exchanges and anonymous digital wallets in the past 24 hours, according to data shared by Whale Alert, a blockchain platform that tracks large transactions from crypto.
A total of 256.2 million XRP were moved in a single transfer.
678.5 million XRP moved
According to the aforementioned crypto tracker, the equivalent of $360,739,666 in Ripple-affiliated cryptocurrency was moved through several addresses that Whale Alert labeled as belonging to large centralized crypto exchanges. Some of them, however, have been marked as unknown.
Among the exchanges that moved the XRP tokens were Binance, FTX, Bittrex, Bitstamp and BitGo.
These exchanges shoveled 422.3 million XRP. However, the largest amount of XRP that was moved in a single transaction totaled 256,234,246 coins. It was wired between wallets marked as anonymous.
Japanese car exporting company accepts XRP
As covered by U.Today earlier, Japan-based used car exporter “SBI Motor Japan” has started to accept top 10 cryptocurrencies XRP and Bitcoin as payment for exported second-hand automobiles. The company is a subsidiary of SBI Group financial giant.
Crypto payments are processed by another subsidiary of the SBI Group, “SBI VC Trade”, a crypto trading exchange.
“SBI Motor Japan” is, at the moment, focused on exporting used cars to Africa, and in the announcement of the news that they are launching an office in Tanzania—the first one ever in the region.
SBI pointed out that the adoption of cryptocurrencies in Africa is broadly progressing.
XRP price moves
In the meantime, the sixth largest digital currency, XRP, is trading at $0.5242, showing a loss of nearly 3% over the past 24 hours.
Overall, over the past month, XRP has fallen from $0.797 to the current price level, following the fall of Bitcoin.
