Over 350 million XRP have been shoveled by whales as XRP price has surged in past week
In a series of recent tweets, Whale Alert cryptocurrency tracker shared that whales have moved 357.2 million XRP tokens in the past 24 hours.
Overall, whales have been quite active in transferring XRP this week, while the asset put up a cumulative growth of over 6% in the past week.
357 million XRP transactions detected
A huge chunk of XRP, consisting of 280,684,171 coins worth $110,017,409, was transacted between two anonymous wallets about 24 hours ago.
The rest of the transfers spotted by Whale Alert carried an average of 25,000,000 XRP each. These transfers worth slightly over $10 million each were moved among users of the BitGo, Bittrex and Bitstamp exchanges. A total of 25,800,000 XRP were moved by Bitso platform internally.
Xumm Wallet Welcomes Former Coinbase Users
The official account of Ripple-based Xumm wallet tweeted that it is ready to welcome back all XRP users that are being shed by Coinbase Wallet.
On Nov. 29, Coinbase announced that it intends to stop servicing users of XRP, XLM, ETC and BCH. The reason they referred to is that there is low activity around these coins on the wallet.
Many in the XRP army are feeling hurt as the SEC reminds Coinbase to cease XRP trading in early 2021 after declaring a legal war on Ripple Labs, CEO Garlinghouse and co-founder Larsen.
Back then, XRP users were still allowed to use the wallet for storing, depositing and withdrawing XRP. But that will all end as of January 2023.
Wietse Wind, the developer of Xumm Wallet, assured followers that the wallet is combining all the advantages of both cold and hot wallets.
