Over 1 million XRP have been wired recently by top-tier digital exchanges
In the past few hours, two significant crypto transactions have been carried out, carrying a total of 157,731,376 XRP, or $148,572,849 in fiat.
157.7 million XRP pushed between large crypto platforms
Specifically, in the past nearly a day, three significant crypto transactions were carried out, carrying 20,215,222 XRP, 60,000,000 XRP, and 77,516,150 XRP.
Of which, Binance received 77.5 million XRP from Bybit and sent 60 million XRP to Huobi. For 20.2 million XRP, this total was transferred from Bitstamp to BitGo.
Source: Whale Alert
Consistently recently, Ripple moved a staggering 100 million XRP into one of its other XRP wallets. After that, this large amount of cryptocurrency will be divided into smaller lumps and transferred to the Huobi exchange. These daily transactions from Ripple to Huobi occurred throughout 2021, with the daily amount of XRP transferred to the Chinese platform changing weekly.
Previously, the world’s two largest cryptocurrency exchanges, Binance and Huobi – and other exchanges in China – were facing severe regulatory pressure from the country’s government. First, Huobi has suspended registration for new users from mainland China and plans to ban it gradually. Binance also banned new users from opening accounts and is about to stop providing any services to customers in Singapore due to regulatory pressure.
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