While the cryptocurrency markets have been waiting for the litigation process between Ripple and the US Securities and Exchange Commission (SEC) to be concluded for a long time, there have been reports that approximately 70 million XRP tokens have been moved and therefore the XRP price has increased by around 15%. Details are on Kriptokoin.com.
Ripple whales take action
Whale Alert, known for its statistics on whale movements, announced that it has detected three large XRP transfers, and the Ripple price has gained over 15% on it. Leading blockchain tracker Whale Alert, which shares details of major crypto transactions via its Twitter accounts, posted the tweets you’ll see above detailing major XRP transactions. The tweets in question were made to Ripple ODL partner platforms. As the XRP price has increased by over fifteen percent, players in the crypto market have started to transfer massive amounts of the 8th-ranked cryptocurrency by market cap.
According to the information received, 70 million XRP has been moved to ODL platforms. Popular site Whale Alert has reported three Ripple-linked cryptocurrency transactions, two for 20 million and one for 30 million, carrying a total of three XRP. The earliest transfer, in which 30 million XRP was shifted, was made by popular South Korean-based crypto exchange Bithumb. According to data from renowned statistics firm Whale Alert, this platform is generally known for performing large internal XRP transfers. It is among the news that the other two transactions were made by an anonymous wallet to Bitso and Bitstamp. Both aforementioned exchanges collaborate with Ripple fintech Heavyweight, which provides transactions using the On-Demand Liquidity service. Bitso is a Mexican stock exchange, while Bitstamp is a European (Luxembourg) stock exchange. Ranked eighth by coin market cap, Ripple has gained more than fifteen percent in the past 24 hours and is currently trading at $0.6714, according to data provided by CoinMarketCap. XRP has seen a massive drop of almost 42 percent since December 23, when it was trading at $1.01. However, since February 5, XRP has gained 15.33% and was trading at $0.66639 at the time of writing.
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