Ripple, along with several ODL platforms and major South Korean exchanges, has moved nearly 286 million XRP tokens.
Six major transactions
According to blockchain tracker Whale Alert, a whopping 285.9 million XRP has been moved in the past day. This has been done by Ripple, some of its ODL platforms and major crypto currency exchanges in South Korea.
According to Whale Alert data, six major trades worth just over 200 million XRP tokens have been executed. The largest transfer was 100 million tokens. This one was done by South Korean exchange Bithumb and was among its internal wallets.
Ripple and some of its ODL corridors were also involved in several large transactions. A total of 20 million XRPs have been sent from Ripple’s RL18-VN wallet to the Coins.ph exchange in the Philippines. This wallet is often used to send crypto to ODL platforms, exchanges or financial institutions.
Another Ripple ODL partner, Mexican exchange Bitso, also moved 19,800,000 XRP between its internal wallets. In addition, it has also received 20 million XRP from Bittrex.
US-based exchange Bittrex has also moved 20 million XRP to EU-based platform Bitstamp.
— Whale Alert (@whale_alert) Dec 15, 2021
In addition to the above exchanges, South Korean Coinone and FTX XRP have also moved. FTX moved 13,618,010 XRP to HitBTC.
The total amount of XRP sent in these eight trades equals $231,757,792. XRP is currently worth $0.8106 according to CoinMarketCap data.
Another exchange that is going to remove XRP
As the legal battle between the SEC and Ripple continues, Canadian crypto trading platform Bitbuy has announced it plans to remove the coin from its asset list.
The exchange received regulatory approval earlier this month to operate as a fully registered dealer. The representatives state that they must follow international rules regarding which crypto assets can be classified as securities.
According to the Bitbuy representative, trading may resume in the future, subject to regulatory changes.