According to recent data, Ripple and two of its ODL-based platforms have launched several large XRP pools as well as some large exchanges
Major blockchain tracking platform Whale Alert has shared that in the past 24 hours, a staggering 139.8 million XRP have been moved by Ripple, crypto unicorn Bitso and several other large crypto exchanges.
Ripple and exchanges transfer 140 million coins
Nearly 140 million XRP tokens have been transferred by Ripple and several leading crypto trading platforms, including a few partners of Ripple for on-demand liquidity. Whale Alert detected five transfers, carrying 16.5 million to 50 million tokens each.
Among these transactions is the one made by Ripple which sent 20,000,000 XRP to Coins.ph—a major crypto exchange based in the Philippines that operates as an On-Demand Liquidity corridor. The transaction was made from Ripple’s wallet under the RL18-VN title.
As for the other ODL corridor mentioned here, Mexico-based exchange Bitso, it received 20,000,000 XRP from Bittrex and shoveled 16,700,000 XRP between its own wallets.
Last year, after a major investment from top-line companies, Bitso turned into the only cryptocurrency unicorn (a company valued at over $1 billion) in Latin America.
A total of 55 million XRP was transferred by leading South Korean exchange Bithumb between its internal wallets.
XRP price action
XRP has been struggling to recover back to $1.3825 since Sept. 6; however, since that day, the token has been in a constant decline. Several times in November, XRP managed to recapture the $1 level. However, since Nov. 19, it has been trading below it, mainly holding in the $0.8 range but spiking to $0.99 a few times.
As of press time, the eighth-ranked Ripple-affiliated cryptocurrency is changing hands at $0.7623 on the Bitstamp exchange.
