Recent blockchain data shows Ripple and Binance shoveled over 200 million XRP tokens worth nearly $ 170 million
Over the past twelve hours, Whale Alert tweeted, Ripple tech behemoth and Binance trading monster have performed several transactions to kick over a whopping $170 million in the eighth largest cryptocurrency XRP.
162 million XRP launched by crypto giants
Ripple has moved 40,000,000 XRP to one of its additional wallets titled RL18-VN. The latter is often used for sending XRP outside the company. This equates to $ 33,057,964 in fiat at the current exchange rate of $ 0.8.
As for Binance exchange, it has been both sender and a receiver in the other four crypto transactions. A total of 122 million XRP has been sent between Binance’s internal wallets, as well as moved between anonymous crypto addresses and the exchange.
However, Bithomp, a platform that provides analytical data on XRP, clarified that these “unknown wallets” were the Huobi exchange and another wallet owned by Binance itself. Houbi transferred 45 million XRP to Binance, and Binance transferred 118 million coins between its internal addresses.
Ripple unlocks 1 billion XRP, locks back most of it
On December 1, Ripple released an astounding 1 billion XRP from escrow. However, on the same day 800 million coins from this staggering amount was re-escrowed and 200 was moved to a Ripple wallet for further corporate use.
