u.today
Twitter bot XRPL Monitor has shared data that Ripple keeps wiring large amounts of XRP to crypto exchanges – this time those are again trading giants Binance and also Coinbase Pro.
Former Ripple CEO wires XRP to Coinbase Pro
Ripple co-founder and its former CEO who stepped down to let Brad Garlinghouse take over from him, Chirs Larsen, has wired 5 mln XRP to the major San-Ferancisco-based exchange Coinbase Pro.
Despite leaving the position of the chief executive in 2016, Larsen remains the executive chairman of the company and according to Forbes, he is a crypto billionaire as he had 5.19 bln XRP and a 17-percent stake in the company (data from 2018).
Therefore, Larsen is likely to be selling parts of his XRP stash from time to time.
Ripple moves 15 mln XRP, Binance gets 1/3 of it
XRPL Monitor also reported that Ripple moved 10 mln XRP from one of its wallets to another. Besides, the blockchain giant sent five mln XRP to Binance exchange.
This is not the first XRP transfer from Ripple to Binance. On Friday, U.Today reported that Ripple wired 20 mln XRP to Binance from its Funding Wallet1.
On Friday, Binance listed the AUD/XRP pair, which made it possible to conclude that Binance might be acquiring XRP for trading purposes.