According to a report from Whale Arlert, a major cryptocurrency tracking account, there has just been 120,000,000 XRP - worth about 40 million USD, which has been transferred from large exchanges to anonymous wallets.
Whale Alert has shared data on two huge XRP transactions. One transaction totaled 60 million XRP, and the other traded 59,999,750 XRP.
Deposit points are cryptocurrency exchanges Bithumb and Bitstamp, according to analysis website Bithomp providing detailed information on XRP transactions. One of the destination wallet addresses is named LBIclient, the other is anonymous.
However, this move does not seem to have an impact on XRP, as the token price is still above $ 0.30 after the recent rally, and is trading at $ 0.33 at press time.
Support more than 70 countries
Cross-border payment company Ripple has released an overview of the status of the network, including new details on the XRP remittance platform.
The company says its network of banks and financial institutions currently spread over 70 countries. On average, a new country is added to the list every week. In addition, Ripple said the on-demand liquidity platform (ODL) - using XRP to transfer money, is thriving.
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According to AZCoin News
Translated by ToiYeuBitcoin