Recently shared analytics data shows that XRP has been hitting some major milestones this week and has been ahead of other altcoins
Data aggregator Santiment has spread the word about moving large amounts of dormant XRP tokens. Meanwhile, Whale Alert reported around 375 million XRP moved in the past two days.
Lots of dormant XRP coins get moved
In a recent tweet, popular data provider Santiment stated that over the last week, the seventh largest digital currency, Ripple-affilated XRP token, has hit a few big milestones. Among them, Santiment mentioned, was several primary active wallets beginning to move their XRP contents.
In addition to this, the data producer shared a chart, according to which several large dormant XRP wallets have also started moving their coins. Santiment’s analytics team said they will continue to closely monitor this top ten token.
Earlier this week, U.Today covered that large XRP transfers were spotted by crypto tracking platform Whale Alert after former Ripple CTO finally sold the rest of his XRP holdings. WA notice that massive transfers of XRP were made to withdraw crypto from FTX and Bitstamp exchanges.
375 million XRP in motion
According to Whale Alert, a popular platform that tracks large crypto movements, in the past 48 hours, a total of 374.5 million XRP have been transferred. The largest chunk of crypto here stands at 155,000,000 tokens.
In this streak of transfers, FTX moved 63,501,812 coins to BitGo and Bitstamp moved 46,075,670 XRP to the same destination. BitGo, which was acquired by Mike Novogratz’s Galaxy Digital last year, offers crypto custody services to various companies and financial institutions, including Ripple Labs.
In addition, major US exchange Bittrex also transferred 60,000,000 and 50,000,000 to Bitstamp and Bitso, the Latin American crypto unicorn in which Ripple has invested.
The aforementioned 150-million XRP transfer was conducted by from Binance to Bittrex.
