Ripple has joined several large digital platforms in transferring over 347 million XRP, but coins have increased by almost 2%
According to the data provided by, it was discovered that Ripple FinTech’s huge ones and some large crypto trading locations are transferring close to 350 million XRP. Whale alert..
After a recent slight price increase, this is flat at $ 258,188,436. At the time of writing, XRP, the seventh largest cryptocurrency, is changing hands at $ 0.7437.
347.2 million XRP on the move
Whale Alert shows that in the last 20 hours, seven large-scale XRP transactions have taken place between some of the world’s largest crypto exchanges, showing that Ripple is participating in this massive transfer of funds.
The largest transaction was made by the Bithumb exchange in South Korea (90,000,000XRP worth $ 67,773,080 USD) and Ripple. The San Francisco-based DLT service provider has shifted 70,000,000 XRP. That’s $ 50,874,950.
Participants in these transfers included Binance, FTX, Bitso, and Bittrex. Binance and Bitso have transferred XRP internally (total 59.2 million XRP). FTX has shifted 63 million XRP to Bittrex, the leading exchange in the United States.
Bittrex itself has sent a cumulative total of 65 million XRPs to Bitstamp and Bitso. These two crypto exchanges provide Ripple’s On-Demand Liquidity Services (ODL) platform, which guarantees the seamless transfer of funds around the world.
?????? 90,000,000 #XRP (67,773,081 USD) Transfer from unknown wallet to unknown wallet https://t.co/PBmNkaNlpn
— Whale Alert (@whale_alert) March 11, 2022
Ripple has shifted 70 million XRP to the alternative wallet RL18-VN. This address is often used to send encryption outside the company. Among the recipients are crypto exchanges and institutions that are Ripple’s customers around the world.
Ripple case decision may be made by the end of this month
As U.Today previously reported, Cryptolaw founder John Deaton shared that a ruling on the Ripple vs. SEC proceedings could be issued by the end of March.
The reason here is that this case may be included in the list of pending cases for more than half a year. Unless Judges Brad Garlinghouse and Chris Larsen, who lead the SEC’s proceedings against Ripple, rule, she must include the proceedings in the above list. It will then be submitted to the US Congress.
Recent XRP price action
Ripple-related XRP, the sixth-ranked digital currency by market capitalization, managed to reach a local high at $ 0.77915 and has since fallen to the $ 0.74024 level, down about 5%. At the moment, it’s up about 2%.
At the time of the press, XRP was down 80.56% from the record high of $ 3.84, which the coin reached on January 4, 2018.
On April 14, 2021, the coin managed to soar to a high of $ 1.8392, but hasn’t recovered since then.
