Ripple, Binance, Bitfinex Move 160 Million XRP As Interest to Coin Reemerges

Ripple, Binance, Bitfinex Move 160 Million XRP As Interest to Coin Reemerges
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Yuri Molchan

Whale Alert has detected massive XRP transfers made by world’s top crypto exchanges and Ripple fintech

In the past twenty-four hours, blockchain tracker Whale Alert has noticed approximately a dozen crypto transactions which moved a whopping 160 million XRP between the world’s top-tier exchanges with Ripple giant making one of those transfers.

Close to $270 million in XRP moved

According to the data from the Twitter page of Whale Alert (blockchain service that tracks large crypto transactions of certain coins, including XRP), in the past twenty-four hours, a total of 160 million XRP tokens has been moved.

In fiat, it represents $268,867,958 at the current $1.68 exchange rate, as per CoinMarketCap.

The exchanges that participated are Binance (the largest XRP amount moved between its wallets – 61 million tokens, 20 million was sent to Huobi), Bifinex (shifted 44 million), Coinbase (7.1 million), Bitvavo (12 million), Huobi, Bitrue, Bitstamp.

3.4 million XRP was transferred from Ripple’s wallet RL18-VN to the Huobi exchange as well.

Image via Twitter

Interest to XRP seems to resume as Ripple gradually succeeds against SEC

As reported by U.Today earlier this month, Ripple blockchain giant has scores several legal victories, against the SEC and one against Tetragon – its major investor that has attempted to withdraw its $200 million investment made in 2019.

The court has approved of Ripple not having to disclose the private financial records of the company’s two highest-profile executives – Brad Garlinghouse and Christopher Larsen, the current and the former CEOs.

Besides, these two defendants have filed motions for the SEC’s lawsuit against them to be dismissed.

In light of this, XRP has been rising in price, having come close to the $2 level recently. Besides, the #relist XRP campaign is getting more traction on crypto Twitter.

XRP activist accuses Ripple CTO of suppressing XRP price

 In a recent Twitter thread, the current Ripple chief technology officer David Schwartz opined that it is no use holding large amounts of crypto just for the sake of holding if one has trouble covering essential expenses.

He believes that it is not “immoral or selfish” for them if they choose to sell. In the next tweet, Schwarts clarified that he was not giving any financial advice but was merely calling on users to be thinking rationally about opportunities and risks.

Anonymous XRP user XRPcryptowolf accused Schwartz of “suppressing the XRP price with his tweets”.

Image via Twitter

editorial staff