390 Million XRP Shifted with Ripple’s Participation: Details

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Yuri Molchan

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Almost 400 million XRP have been transferred by Ripple and several anonymous wallets, while the coin is showing a 10 percent rise


Popular crypto tracker Whale Alert shows that in the past two days, a whopping 390 million XRP have been moved by Ripple and several anonymous users.

In the meantime, Ripple-affiliated XRP shows a rise of roughly ten percent.

Ripple moves 70 million XRP, Bittrex shifts 20 million

The above mentioned crypto tracking service has spotted several massive XRP transactions over the past 24+ hours. Two of them were conducted by Ripple fintech giant.

Detailed look at the data provided by the XRP-focused Bithomp analytics service says that the crypto behemoth transferred 50 million XRP ($34,906,740) to one of its wallets – RL18-VN. This wallet is often used for transferring XRP beyond Ripple – to digital exchanges, crypto custody service providers and Ripple customers.

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Later on, 20 million XRP were sent from that wallet to the Coins.ph crypto trading venue in the Philippines. This exchange operates as an On-Demand Liquidity (ODL) corridor. Similar corridors are active in several other countries – Mexico (Bitso), Europe (Bitstamp), Australia (BTC Markets), etc.

Also, according to Whale Alert, US-based Bittrex exchange transferred 20 million XRP to the Korean platform Upbit.

Source: Twitter

306 million XRP shoveled between anon wallets

Whale Alert detected a staggering sum in XRP transferred on February 25 between two anonymous wallets. They shifted 305.8 million XRP, which back on that day was worth $214,952,290. By now, as the XRP price has spiked, this amount is worth $233,131,991.

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