Two large XRP lumps have been transferred from anonymous wallets to leading crypto exchanges, while the XRP price shows a weekly increases
According to the blockchain sleuth Whale Alert, over the last 24 hours, anonymous wallet owners have moved two remarkable XRP chunks to major crypto exchanges, each transfer carried two dozens of
Whale Alert shared that anonymous whales shifted 25,400,000 XRP twice to two major exchanges – Bitstamp and Bitso .Now, these two platforms collaborate with Ripple to help it conduct transnational payments based on its RippleNet network and utilizing XRP tokens. This ensures instant and low-cost money transfers in XRP which are then converted into the local fiat currency upon arrival at the destination crypto exchange.
As November began, fintech titan Ripple conducted what has become a routine for it over the past six years – it unlocked one billion XRP tokens from escrow. This practice started in early 2018 to promote XRP in the crypto market and to support the coin’s liquidity on exchanges. These are programmed releases of XRP made every single month on the first day, without exceptions. As a rule, the majority of this unlocked billion coins then gets moved back to escrow a day after the release.One billion XRP is currently worth $597,923,153 in fiat. 800 million XRP is evaluated at $478,338,522.. If it had not been for a slight decline on Thursday this week, the price surge of XRP would have been even higher – 14.69%.Yuri is interested in technology and technical innovations.
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