Ripple Helps Shift 100 Million XRP Between Major Crypto Exchanges

Ripple Helps Shift 100 Million XRP Between Major Crypto Exchanges
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Yuri Molchan

Recently shared blockchain data says that just recently, Ripple giant and other top-line cryptocurrency exchanges have taken part in shifting a whopping 100 million XRP

Over the past twenty-four hours, Ripple fintech decacorn, along with some top-tier crypto exchanges has transferred a total of 100 million XRP tokens.

In the meantime, the coin has been trading in the $1.6 range after hitting a peak of $1.96 on Wednesday.

Almost $176 million in XRP shifted by major exchanges

Whale Alert blockchain sleuth that tracks large crypto transactions and crypto scams has published a dozen tweets about XRP transfers made since yesterday.

Among those transactions was the one made by Ripple (from the RL18-VN wallet) to the Huobi giant (3.4 million XRP). BitGo crypto custodial service and Bitstamp have exchanged around fifteen million XRP.

BitGo has also sent around ten million XRP to the Upbit exchange.

US-based exchange Kraken that plans to go public next year, following yesterday’s direct listing of Coinbase on the Nasdaq, has wired 11 million XRP to the Binance giant and received 3 million XRP from Bitfinex.

Image via Twitter

Gary Gensler is now new SEC chairman – will he withdraw the Ripple lawsuit?

On Wednesday, April 14, the US Senate voted for the former CFTC chairman as the 33d chairman of the US Security and Exchange Commission – the regulator that is in the way of further XRP development as a currency as many in the XRP community believe.

After the SEC came up with the legal action against Ripple in December, calling XRP an “unregistered security”, the coin’s trading has been suspended on many top-tier crypto exchanges, including Coinbase, Bittrex, Binance US, Bitstamp, etc.

The XRP community has filed a petition in an attempt to make Gensler withdraw the lawsuit. Overall, the person in question is pro-cryptocurrencies.

As reported by U.Today on Wednesday, among the top priorities on the Gensler’s to-do list is focusing on cryptocurrencies, crypto exchanges, regulation and as many expect – approving the long awaited Bitcoin ETF.

editorial staff