516 Million Moved by Ripple and Top-Tier Platforms

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516 Million Moved by Ripple and Top-Tier Platforms
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516 million $XRP moved by exchanges as Ripple sends 30 million XRP to its top ODL corridor. XRPnews XRParmy whale_alert

This time, more than half a billion XRP were shifted with Ripple among the sending parties.Whale Alert spotted several consecutive transactions, carrying from 30 million to 200 million of Ripple-affiliated XRP tokens. The transfers were conducted over the past 24 hours.

Data from XRP-focused Bithomp platform shows that fintech giant Ripple sent 30,000,000 XRP to Mexico-based crypto unicorn Bitso. This exchange is the largest in the Latin American market and received an undisclosed investment from Ripple in the fall of 2019. Since then, it has been Ripple's liquidity corridor supporting its On-Demand Liquidity service.The largest amount among the aforementioned transfers was moved by South Korean Bithumb exchange internally — a staggering 200 million XRP.

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