XRP Price in Green as Ripple Helps Transfer Close to 500 Million XRP

Yuri Molchan

Ripple fintech giant found moving large amounts of XRP while coin price rose


According to a recent tweet by a prominent blockchain tracker whale alertin the last 13 hours, a staggering amount of Ripple-related XRP token It has been replaced with a fairly large chunk of crypto.

Among the senders was leading blockchain platform Ripple Labs. In total, nearly 500 million coins were moved. As for the price of XRP, it has risen slightly over the past 24 hours, rising more than 4%.

480 Million XRP Transfer Discovered, Ripple Between Senders

The aforementioned platform, which tracks large digital currency transfers, disseminated about 500 million cumulative XRP transfers detected by it.

The two largest chunks out of the six here carried 214 million XRP worth US$73,525,151 and 100,000,000 XRP worth US$34,004,188. The former was moved between internal wallets by the Binance trading giant.

The latter chunk of XRP was powered by fintech giant Ripple. The money was transferred from Ripple’s internal wallet to another address belonging to Ripple. Of that 100 million coins, 33.5 million XRP was sent to another of his Ripple wallets, according to data provided by his Bithomp on the XRP explorer.

The remaining 480 million were moved by wallets that Whale Alert tagged as ‘unknown’. However, details emerged that the sender moved chunks of his 36,000,000. He sent 30,000,000 XRP and 40,000,000 XRP from his Bittrex wallet to an address linked to the Bitstamp exchange.

Ripple’s leading ODL platform, the Bitso crypto unicorn exchange, has internally transferred a total of 59,400,000 coins. The total value of the above XRP transfers is $164.1 million in fiat currency.

via image twitter

XRP Price Goes Green

XRP, the sixth-largest cryptocurrency, has shown gains over the past 24 hours. rose from $0.33 to $0.35 Bitstamp exchange. Now, the rally has eased a bit, pushing the coin up to $0.34902.

As U.Today reported last week, major cryptocurrency exchanges BitMart Listed XRP against the USDT stablecoin. This is one of his major XRP ratelists for the last two years.

After the SEC filed a lawsuit against Ripple in January and February 2021 for selling XRP as an unregistered security to institutional investors, several cryptocurrency exchanges, including giants such as Coinbase and Bitstamp, have taken action. We have suspended XRP trading.

In late 2022, Bitstamp delisted the XRP/PAX pair and several other crypto pairs trading on it.

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