Ripple Wires 81 Mln XRP, While Other Major Players Actively Move Their XRP Stashes

According to XRPL Monitor data, the blockchain giant Ripple has transferred 81.1 mln XRP, sending part of this gargantuan amount to Coinbase Pro

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XRPL Monitor has shared data that the San Francisco-based blockchain decacorn Ripple transferred several XRP lumps, which together make up 81.1 mln XRP. That totals $23,949,918.

Overall, now that XRP has reached the $0.30 high, major players have been moving large portions of XRP actively.

Ripple sends 52.5 mln XRP

The DLT heavyweight has moved almost 53 mln XRP, which totals $15,473,591. There were four transactions: two carrying 16 mln and two bearing 10 mln XRP each.

According to data from the Bithomp analytical website, these funds were moved directly between Ripple wallets, including one titled RL18-VNwhich is believed to be an alternative Ripple escrow wallet.

Ripple has over 300 customers utilizing RippleNetincluding financial institutions and remittance companies like MoneyGramsome of which use Ripple's ODL for wiring funds across the world without having to prefund their bank accounts in the target countries and require XRP for frequent use.

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Ripple wires 15 mln XRP to Coinbase Pro

The XRPL Monitor bot also spread the word that Ripple transferred 15 mln XRP to Coinbase Pro. This major crypto exchange moved about 14 mln XRP to Bitstampa Luxembourg-based exchange that hosts Ripple's European ODL corridor.

Major players are actively moving XRP

Over the past twenty-four hours, other big crypto players have also been noticed moving large XRP stashes. Among them is the major South Korean exchange Bithumb, crypto lending service Celsius Network, Coinbase Pro (another 15 mln XRP moved between its wallets) and major crypto custodial service BitGo that works with institutional investors.

XRP has recently reached a long-expected high of $0.30 and broken above it, following the recent break of Bitcoin above the $12,000 level. Market players have started moving their XRP after the coin's exchange rate surged.

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Yuri Molchan

Yuri entered the crypto sphere at the BTC price peak in 2017, quickly turning into a crypto enthusiast. He has written for several media, covering everything from TA to ICOs and crypto regulations. Presently is a news writer, working with crypto and blockchain-related topics.