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Coinbase wired $300 million worth of XRP after Binance transferred 100 million token to China when price at $1.13

There is approximately 256 million XRP wired by the largest U.S.-based crypto exchange, Coinbase, in a single transaction. This is equivalent to $300,776,300 at the current XRP price of $1.13.

coinbase-wired-300-million-worth-of-xrp-when-price-at-1-13

Source: Whale Alert

256 million XRP transferred from Coinbase wallet as current XRP price of $1.13

According to Bithomp, the transaction was performed between internal wallets of Coinbase. Curiously, the exchange suspended XRP trades in January of this year, along with several other major exchanges such as Bitstamp, Binance U.S., and others, after the U.S. Securities and Exchange Commission (SEC) initiated a legal suit against Ripple in December 2020.

coinbase-wired-300-million-worth-of-xrp-when-price-at-1-13

Large transactions of XRP were also detected by Whale Alert earlier this week. Binance transferred a staggering 100 million XRP tokens in two lumps (60 million and 40 million XRP). The recipient was the largest crypto exchange in China: Huobi.

At press time, XRP is changing hands at $1.13, slight decrease of 2% in the last 24 hours.

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