According to the data obtained, Binance and Ripple transferred a total of 100 million XRP.
According to data shared by Whale Alert, several XRP transfers of large amounts have been made by both Ripple and Binance in the last 24 hours. In total, approximately 100 million XRP transfers were made in these transactions.
Transferred to Wallets and Exchanges
Whale Alert tweeted that $108,241,261 worth of XRP has been transferred by Ripple and Binance exchanges in the past 24 hours. The San Francisco-based company transferred 40 million XRP to its RL18-VN wallet and Bitso exchange. Said wallet is generally used by the company to distribute XRP outside of Ripple. Bitgo is Ripple’s ODL partner in Mexico and Latin America.
Earlier this year, Bitso managed to raise over $1 billion in funding, making the exchange the first crypto unicorn in Latin America.
In addition, Binance also carried a total of 60 million XRP to Bitgo and other exchanges.
Risk Disclosure: The articles and articles on Arover.net do not constitute investment advice. Bitcoin and cryptocurrencies are high-risk assets, and you should do your due diligence and do your own research before investing in these currencies.
