115 Million XRP Moved by Ripple and Large Exchanges: Details

[solodeji]

Ripple, the San Francisco-based cross-border payment firm, and a couple of large crypto exchanges have moved a whopping 115.3 million XRP. As stated in the report, the fintech behemoth shifted more than 50% of the total amount.

Ripple Shifted 70 Million XRP to Its ODL Platform

A couple of hours ago, Ripple was spotted initiating two huge transfers of a total of 70 million XRP. These transactions carried 50,000,000 and 20,000,000 of the digital token XRP.

According to Bithomp, an XRP-focused data provider, one of Ripple's reserve wallets—RL18-VN—was involved in both transactions. It was the destination for 50 million XRP and, from it, 20 million coins were sent to Coins.ph, a Ripple-powered On-Demand Liquidity (ODL) platform running in the Philippines.

The rest of the aforementioned amount of XRP was sent from Bittrex to Bitstamp (30,000,000 coins) and by Coinone exchange (15,335,267 XRP). The overall sum of XRP moved by Ripple and exchanges constitutes $74.8 million in fiat.

https://timestabloid.com/115-million-xrp-moved-by-ripple-and-large-exchanges-details/

[xrp_sea]

115 million is a tiny percentage of Ripple's total reserve. Transfers like this are quite routine.