World’s major exchanges have shifted slightly over 309 million XRP on the last two days of 2021

According to Whale Alert, several large XRP transactions have occurred in the past seven hours, sometimes up to 177,149,700 tokens.


Source: Whale Alert

Top trading venues have surpassed 309 million XRP

The funds were transferred by South Korea-based internal exchange, Bithumb, between Gopax and FTX. According to analytics provider Bithump XRP, the most significant transfer of over 177 million XRP was made between anonymous wallets.

At the beginning of this month, significant exchanges and Ripple transferred more than 1.1 billion XRP in two consecutive days. Meanwhile, XRP users have recently withdrawn large amounts of Ripple-linked tokens from crypto exchanges while also noticing increased XRP inflows into exchanges.

Despite the legal battle started by the SEC against Ripple a year ago, the company’s CEO, Brad Garlinghouse, believes that 2021 is the strongest year for Ripple ever. This year, XRP-based ODL payments account for a significant 25% of USD volume on RippleNet. Besides, transactions made with the help of ODL grew 25% compared to Q3 last year and up 130% quarter-on-quarter, according to the CEO’s tweet.

As for the lawsuit itself, Ripple believes it will end in 2022.

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