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Ripple and Two Major Exchanges Based in the US Moves 120.5 Million XRP


Ripple and Two Major Exchanges Based in the US Moves 120.5 Million XRP

In a data publication released by blockchain, it was revealed that in the past 17 hours, a huge sum of XRP has been transferred by Ripple DLT heavyweight and several top crypto exchanges.

Two of them are based in the U.S. The analytics data was shared by popular crypto tracking bot. Whale alert. Therefore, in the past 15 hours, the equivalent of $182,013,805 in the seventh-biggest coin by market cap, XRP, has been shifted. This shift was made by three top exchanges—Coinbase, Bittrex and Binance—and San Francisco-based Ripple Labs.

Coinbase has sent the biggest batch of XRP, moving 62 million coins between its wallets around six hours ago.

The next biggest transaction is that of Binance receiving 29.5 million XRP. Also, the Seattle-based Bittrex trading platform wired 25 million to the Upbit exchange.

The Ripple fintech monster has wired yet another lump of XRP (four million tokens) to the biggest exchange in China by volume, Huobi, according to data from Bithomp.

This week, Ripple is sending four million XRP to Huobi per day—that is $6,066,214. Last week, the worth of daily XRP transfers between these companies totaled 5.5 million tokens, or $8,341,045. The reason for these transactions are yet to be disclosed by any party involved.


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