270 Million XRP Shifted by Top Crypto Exchanges As Ripple Keeps Moving XRP to China

u.today 10 June 2021 12:30, UTC
Reading time: ~2 m

Data shared by Whale Alert crypto tracking service shows that over the past twenty hours, a mammoth sum 270 million XRP has been wired by several major exchanges.

Meanwhile, Ripple fintech monster continues its regular XRP transfers to Huob, having slightly decreased the daily stashes.


270 million XRP on the move

According to the tweets shared by Whale Alert, over the past twenty hours, several top crypto trading venues have transferred a whopping 269.5 million XRP in three transactions.

That equals to a staggering $239,232,115 in fiat.

Among the exchanges that have taken part in the transfers are Huobi, Binance, Coinbase and Bybit. The largest amount of crypto (175,434,574 XRP) was moved from Bybit to Binance.

Bitstamp wired 64,5 million XRP to Coinbase and Huobi sent 30 million coins to Binance.

Ripple sends another XRP stash to Huobi

The fintech decacorn continues sending its daily regular XRP portions to Huobi, the biggest crypto trader in China.

Since June 6, daily amounts of XRP sent to Huobi by the company have been 5,275,250 coins. Prior to that, Ripple sent 6,679,600 XRP to Huobi for a week.

Ripple has been doing this for several months already. No particular reasons for these transfers have been voiced yet.

At the time of writing, the seventh largest cryptocurrency XRP has been trading at the $0.88 level, as per CoinMarketCap.


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