Staggering amount of XRP shifted as price shows slight increase in past seven days; part of it was transferred by Ripple
According to Whale Alert, a crypto platform that traces large cryptocurrency transfers, in the last 24 hours, several large transactions were made. He shoveled around 640 million XRP coins. Ripple participated in the transfer of these funds.
636 million XRP on move
Whale Alert’s Twitter account has detected 14 transactions, carrying XRP sums from 30 million to 200 million.
The largest transaction here transferred 200,000,000 XRP coins from Korean exchange Bithumb, and the smaller one transferred 140,000,000 XRP, sending this crypto from FTX to Binance.
The rest of the 636 million XRP was moved by whales, between such crypto exchanges as Bitso, Bittrex, Binance and Bitstamp.
Ripple sent 50,000,000 XRP chunks to its RL18-VN reserve wallet. From this address, the company often sends out crypto to its customers, exchanges and financial institutions.
XRP up 7% this week
According to a TradingView chart from Bitstamp, over the past seven days, since Sept. 7, the seventh largest cryptocurrency has demonstrated a rise by 6.98%.
Between September 7 and 12, the increase was 14%; However, it was later ended by a huge red candle. Earlier today, XRP managed to gain around 1.42%.
