Massive move of XRP tokens has been noticed from leading crypto exchanges with FTX and Ripple’s Bitso among them
Tracking bot Whale Alert spotted several large transfers of Ripple-affiliated XRP tokens made in the past 24 hours, totaling over half a billion coins. The largest chunks transferred here totaled 120 million XRP each.
One of those 120 million chunks was moved from the FTX exchange.
530 million XRP shoveled
The above-mentioned platform that tracks large cryptocurrency transfers detected nine massive XRP transactions made between crypto exchanges and, from them, to anonymous wallets.
A total 120,000,000 XRP were shifted from the FTX exchange to an address marked by Whale Alert as unknown. A similar amount of coins was moved internally within South Korean exchange Bithumb.
The rest of the transfers ranged between 50,000,000 and 40 million XRP. The tracker counted five transfers of 50 million and two of around 40 million XRP tokens made by trading platforms such as Binance, Bitso, Bittrex, BitGo, etc.
XRP adoption expands to Japan and Africa
As covered by U.Today earlier, SBI Motor Japan, a subsidiary of financial heavyweight SBI Group based in Japan, has started to accept payments in the two top cryptocurrencies: Bitcoin and XRP.
Crypto payments will be arranged and settled through another subsidiary of the SBI Group, SBI VC Trade, a crypto trading platform. SBI Motor Japan operates in the South African region and is focused on expanding there.
The aforementioned Japanese financial giant, who is also a major Ripple partner, stated in a recent report that crypto adoption in South Africa is growing at a fast clip.
As of this writing, XRP is trading at $0.4318, per CoinMarketCap. The sixth-largest crypto posted a growth of 2.51% in the past 24 hours.
