A staggering amount of XRP has changed hands, while the coin shows a sudden growth of more than 15%
Whale Alert has detected several large XRP transfers carrying over 121 million XRP, conducted by crypto exchanges. However, 100 million XRP was wired not long ago—over the past five hours.
Meanwhile, the eighth largest cryptocurrency, XRP, has seen significant growth (by 15.5%) in the past 24 hours and is changing hands at $0.7739 at the time of this writing. Its price surge surpassed that of the other top 10 cryptocurrencies, including Bitcoin. As the price of XRP skyrockets, interest in this digital currency also seems to be growing.
Overall, XRP has surged more than 30% since Friday, including today’s growth.
121 million XRP moved by exchanges as prices soar
This amount of XRP worth more than 90 million USD in fiat was moved in three tranches worth 80 million, 20 million and 21 million coins.
The 80 million have been sent just slightly over two hours ago between the internal wallets of a leading exchange in South Korea, Bithumb. So was the stash, carrying 20 million coins, a little over five hours ago.
The third block was moved from the Bitstamp exchange to the BitGo platform which offers crypto custody services to financial institutions and is a Ripple partner, where giant DLT stores some of its XRP wealth.
Last year, BitGo was acquired by Mike Novogratz’s Galaxy Digital crypto investment fund as it decided to venture further into the blockchain and crypto fields.
