Ripple On-Demand Liquidity platform Bitso has been spotted shoveling millions of USD in Ripple’s XRP token
As reported by the Whale Alert crypto tracking service, in the past 12 hours, approximately $42 million worth of XRP tokens have been moved.
That was 120 million XRP, shifted by Ripple partner Bitso exchange and two anonymous digital wallets. In the meantime, the price of the seventh largest cryptocurrency XRP has shown a drop by more than 12% over the past week, according to Whale Alert.
120 million XRP sent
Ripple Labs invested in Bitso in the fall of 2019 for an undisclosed amount. Bitso has moved 50,500,000 XRP to a wallet which is marked as unknown by the said tracker. Data shared by XRP-focused Bithomp analytics website suggests that this was an internal XRP transfer between Bitso’s exchanges.
The same crypto exchange also received 30,000,000 XRP from a wallet that belongs to major U.S.-based crypto exchange Bitso.
Bittrex also moved a total of 40,000,000 XRP to Bitstamp-based wallets.
Ripple moves 50 million XRP, here’s where to
As reported by U.Today, on Dec. 20, Ripple giant shoveled 50 million XRP worth $16,789,197 to an anonymous wallet. That proved to be one of the company’s reserve wallets, RL18-VN.
Bithomp also revealed that after that, 27.6 million XRP were sent from that wallet to the Bittrex exchange.
Over the past week, the price of XRP has shed roughly 12%. The amount of 4.17% was lost earlier today; however, by now, XPR has regained some of it, rising 1.45%. The coin is changing hands at $0.34322 at the time of this writing.
