Whale Alert has detected three large XRP transfers, while the price gained over 15%
As the XRP price increased by more than 15%, crypto market players began to transfer large amounts of this Ripple’s native token. According to Whale Alert, significant XRP transactions occurred today. Two of them were created for the Ripple ODL partner platform.
XRP price spikes 15.3%, while 70 million tokens get moved to Ripple’s ODL corridors
Whale Alert detected three transactions – two carrying 20 million XRP each and one transferring 30 million tokens associated with Ripple.
The earliest transfer, in which 30 million XRP was transferred, was made by leading Korean exchange Bithumb between its wallets. The platform often conducts large internal XRP transfers.
An anonymous wallet conducted two other transactions for Bitso and Bitstamp. Both exchanges partnered with Ripple fintech, providing transactions using Ripple’s On-Demand Liquidity (ODL) service used for payments Seamless border crossing.
Bitso is headquartered in Mexico, while Bitstamp is located in Luxembourg, and on Friday, the company announced the opening of an office in Amsterdam.
XRP has gained more than 15% in the past 24 hours and is currently trading at $0.6717. The Ripple’s native token had seen a massive drop of nearly 42% since December 23, trading at $1.01. From January 22 until February 4, the coin has been trading in a range of $0.59, with occasional small gains above $0.6.
Since February 5, however, XRP has increased by 15.33%, currently trading at $0.6717.
Sign up for a Binance account here (Discount 10% trading fees): https://accounts.binance.com/en/register?ref=29171587
- It’s Time SEC Laid Down A Clear Framework In The Case With Ripple
- Jeremy Hogan Says Next Few Months Might Be Interesting For Ripple Lawsuit, Here’s Why