Almost half a billion XRP transferred by major crypto platforms, while price drops to $0.76

According to Whale Alert, four major XRP transfers were made by major crypto exchanges in the past 24 hours.

440 million XRP wired by major players with 225 million shifted in a single lump

Half that amount was moved in one motion. Meanwhile, XRP price has slightly declined, currently trading in the $0.7 range.

almost-half-a-billion-xrp-transferred-by-major-crypto-platforms-while-price-drops-to-0-76

XRP/USD 4-hour chart | Source: TradingView

The price drop comes after the SEC’s recent move against Ripple Labs in court. The blockchain tracking platform recorded four transactions carrying large amounts of XRP, with major global exchanges participating in the transfers.

However, these crypto transfers were made between internal wallets of exchanges: CoinOne, South Korea’s Bithumb, etc. The largest single transaction yielded a staggering 249,99,980 XRP, the equivalent of $188,604,850.

Smallest transfer made by major Korean exchange Bithumb: 20 million XRP. The remaining two wires transfer 70,000,000 and 99,766,000 tokens. The total amount of crypto transferred today constitutes $356,498,874 in fiat.

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