Bitso has moved massive amount of XRP, here’s what happened here
Whale Alert tracker, which tracks large transfers of crypto, has spread the word about several XRP transactions that moved large stacks of Ripple-affiliated tokens. Ripple’s major ODL partner is Mexico-based crypto exchange Bitso.
Roughly $39 million worth of XRP has been shifted. In the meantime, XRP remains in sixth place on the CoinMarketCap scale, but the price has seen a mild drop of nearly 4% today.
103.8 million XRP transferred by Bitso and other players
According to a recent tweet from the above source, in the last 24 hours, 41,600,000 XRP; 35,000,000 XRP and 35,000,000 XRP mined. An amount of 41.6 million XRP was withdrawn by the Bitso crypto trading platform. The crypto was moved to one of its internal wallets, as it has often been doing recently.
A total of 27,227,292 XRP was shifted from Binance anonymously. Earlier this week, this major crypto exchange was faced with massive amounts of withdrawals after mainstream media reported that U.S. regulators are planning to charge Binance with money laundering.
As covered by U.Today two days ago, Whale Alert observed a massive 300,000,000 XRP lump from Binance.
XRP market performance
Earlier today, the Ripple-affiliated cryptocurrency made a drop of slightly over 4%, falling from $0.3932 to the $0.3789 level.
Also, yesterday, XRP managed to overtake Binance’s stablecoin BUSD to take the 6th spot on the CoinMarketCap ranking scale.
At the time of this writing, XRP is changing hands at $0.3801, showing a tiny rise.
