Ripple and two of its ODL-based platforms have kicked over several large stashes of XRP together with a few big exchanges
According to Whale Alert, in the last 24 hours, 139.8 million XRP were transferred by Ripple, crypto unicorn Bitso, and several other major crypto exchanges.
Source: Whale Alert
Ripple and exchanges wire 140 million tokens
Nearly 140 million XRP were transferred by Ripple and several leading crypto exchanges, with a couple of Ripple’s On-Demand Liquidity partners among them. Whale Alert detected 5 transfers, each moving between 16.5 million and 50 million XRP.
Among these transactions was the one made by Ripple, which sent 20,000,000 XRP to Coins.ph — a major Philippines-based crypto exchange that acts as an On-Demand Liquidity corridor. The transaction was made from Ripple’s wallet with header RL18-VN.
As for the other ODL corridor mentioned here, Mexico-based exchange Bitso received 20,000,000 XRP from Bittrex and split 16.7 million XRP between its own wallets.
Last year, after a massive investment from top companies, Bitso became the only crypto unicorn in Latin America. A total of 55 million XRP were transferred by Korea’s leading Bithumb exchange between its internal wallets.
XRP has been struggling to recover back to $1.3825 since September 6; However, since that day, the token has been steadily decreasing. Several times in November, XRP managed to regain the $1 level. However, since November 19, it has been trading below that level, mostly holding in the $0.8 range but has spiked to $0.99 a few times.
XRP/USD 4-hour chart | Source: TradingView
At press time, XRP is changing hands at $0.7604 on the Bitstamp exchange.
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