138 Million XRP Shifted by Ripple and Top-Tier Global Exchanges

138 Million XRP Shifted by Ripple and Top-Tier Global Exchanges

Whale Alert, platform that tracks large amounts of cryptocurrencies moved, has spotted five large transfers, carrying a total of 138 million XRP.

That is an equivalent of $137,529,292 in fiat.

Meanwhile, XRP, the sixth most popular digital currency has rolled back to the $1 level after the recent surge to $1.09.

138 million XRP on the move

According the data shared by the Whale Alert team, over the past twenty-four hours, several top of the range crypto exchanges along with the Ripple fintech behemoth have transferred an equivalent of $137.5 million in crypto – 138 million XRP coins.

The five crypto transactions detected by Whale Alert carried minimum 13 million XRP and maximum 50 million. Among the senders are Binance, Huobi, Bittrex and others.

Ripple shifted 20 million XRP from its RL18-VN wallet to the Mexico-based partner – Bitso exchange, around sixteen hours ago.

That’s the largest crypto trading venue in Latin America and the only crypto unicorn in this region so far. Ripple’s RL18-VN serves for distributing XRP from Ripple to its customers, partners and crypto exchanges for supporting the liquidity of XRP.

Huobi has moved 30 million coins to Binance. Later on, the largest digital exchange in the world moved 50 million XRP to Huobi.

However, by the time the article was published, Whale Alert removed the data on the aforementioned XRP transfers without providing any comment on this.

Jed McCaleb sells 80 million XRP

Data shared by the XRPscan platform shows that over the past fourteen days, former CTO of Ripple Labs Jed McCaleb has sold around 80 million XRP after receiving a whopping 182.3 million tokens from Ripple earlier this month.

He has been selling from 4.4 million to 6.5 million XRP every day in August so far. According to XRPscan, today Jed has sold another 6,558,019 XRP. At the moment, 640,040,127 coins remains on the balance of is “tacostand” crypto wallet that was created in the times when Ripple was founded with McCaleb’s assistance and Jed was the company’s first chief technology officer until he left to found a rivalling Stellar in 2013.

Since then, McCaleb has been getting regular XRP payouts from Ripple instead of a one-time payment worth eight billion XRP. Thus, the company prevented Jed from dumping this huge amount on the market at once and prevented a collapse of the XRP price eight years ago.

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