516 Million Moved by Ripple and Top-Tier Platforms


Half billion XRP moved by Ripple and top exchanges; some of these chunks exceeded 200 and 134 million coins

According to whale alert Crypto service that tracks large crypto transactions between wallets.

This time, more than half a billion XRP were shifted with Ripple among the sending parties.

516 Million XRP Moving Up, Ripple Sends XRP to ODL

Whale Alert saw a number of consecutive transactions, ranging from 30 million to 200 million of Ripple-affiliated XRP tokens. The transfers were made in the last 24 hours.

Data from XRP-focused Bithomp platform shows that fintech giant Ripple sent 30,000,000 XRP to Mexico-based crypto unicorn Bitso. This exchange is the largest in the Latin American market and received an undisclosed investment from Ripple in the fall of 2019. Since then, it has been Ripple’s liquidity corridor supporting its On-Demand Liquidity (ODL) service.

The largest amount in the above transfers was transferred internally by the South Korean Bithumb exchange – a staggering 200 million XRP.

The second biggest amount of XRP — 134,750,000 tokens — was shifted by Binance exchange to Bittrex.

Ripple and major crypto exchange BitGo – which also provides custodial services for financial institutions – sent a total of 40,000,000 XRP to the Bitstamp exchange based in the EU.

Over the past couple of days, XRP transaction activity has been quite high as over 100 million XRP have been moved, according to Whale Alert tweets.


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