145 Million XRP Shoveled by Ripple, BitGo and Several Top Trading Venues

145 Million XRP Shoveled by Ripple, BitGo and Several Top Trading Venues

Popular DLT tracking service Whale Alert, that regularly shares details of large crypto transfers made and received by individuals and entities, has spread the word about some more substantial XRP transactions made recently.

As per its recent posts in Twitter, over the past twelve-hour period, a whopping 145 million XRP has been pushed between major crypto trading venues with the participation of Ripple Labs.

40 million coins on the move from Ripple

According to the tweets shared by the crypto tracker, over the past eleven hours, several large XRP stashes worth $134,133,760 in fiat have been shifted.

The aforementioned DLT tracker noticed five large crypto transactions, in which Ripple, several digital exchanges and custodial platform BitGo took part.

Ripple sent 15 million and 25 million lumps to its alternative RL18-VN address that is often used for sending XRP to the crypto giant’s partners, clients and crypto exchanges – to be sold or for supporting the liquidity of the Ripple-affiliated cryptocurrency.

Binance and Bistamp receive 105 million XRP

The largest transfer made here was 52,027,950 XRP. The funds were sent from the Bybit exchange to Binance.

Huobi, China’s largest crypto trading platform, also sent 40 million XRP to Binance. Thus, the exchange spearheaded by Changpeng Zhao received 90 million XRP tokens.

The remaining fifth transaction was conducted by the crypto custody service BitGo as it transferred 15,000,000 XRP to Bitstamp.

🚨 🚨 🚨 🚨 🚨 52,027,952 #XRP (57,507,998 USD) transferred from unknown wallet to unknown wallethttps://t.co/D8LOM5aNth— Whale Alert (@whale_alert) September 17, 2021

Ripple empowers Paydek’s expansion to LATAM and Africa

As reported by U.Today on Thursday, Ripple DLT provider signed up another payments operator to its RippleNet network. UK-based Paydek is expanding its services to Africa and several countries in Latin America.

The target audience here for Paydek is freelance and on-demand workers, whose market is growing each year and by 2023 is expected to reach a $455 billion volume.

Paydek plans to use the Ripple technology to build extra payment rails in those countries and create a new infrastructure that would ensure low-cost, secure and fast payments.

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