Whale Alert Report: Top ODL Exchanges And Ripple Transfer 203 Million XRP
Whale Alert – a prominent platform for crypto tracking – has detected many transfers taking account of a huge number of XRP. The tech giant Ripple as well as a few of the ODL partners thereof have participated in the respective transfers of money.
More than 203M XRP transferred by Ripple and the well-known exchanges
The statistics provided by the above-mentioned blockchain tracker over the official Twitter page thereof illustrate that during the recent 24 hours, a shift of more than 203.1M XRP tokens has been carried out in which Ripple Labs, as well as a couple of the ODL corridors thereof, have taken part, along with two South Korea and United States-based top-tier exchanges of cryptocurrency.
Ripple (a platform providing blockchain service) has transferred nearly 20,000,000 XRP (almost $11,932,037) to a Philippines-based exchange called Coins.ph. The respective platform is included in the Ripple ODL corridors across the country.
The crypto was taken to the firm through the RL 18-VN wallet of Ripple which is frequently utilized to transfer XRP out of the firm, to financial organizations (such as RippleNet consumers) and crypto exchanges to assist in the liquidity of XRP or for trading XRP to cope with the operational expenditures of Ripple. The biggest transfer was carried out via the Gopax exchange.
The rest of the venues cited by Whale Alert in the matter of these transfers take account of the Ripple ODL as well as the sole Latin-America-based crypto unicorn named Bitso, United States-based Bittrex along with the biggest venues for the trading of crypto across South Korea, Bithumb (additionally considered to be included in a liquidity corridor which is of on-demand type). The above-mentioned venues have transferred a bulk of up to 20M XRP. The cumulative fiat equivalent of these tokens is nearly $123,132,340.
Ripple is expected to continuously go public in the future
In an exclusive interview, Brad Garlinghouse (the boss of Ripple) revealed that the platform has a strategy to eventually go public. Nonetheless, at present, it is not a suitable moment because the platform, Garlinghouse himself, along with Chris Larsen (a co-founder of Ripple Labs) are fighting a long-spanning legal battle against the SEC that commenced in 2020’s late December.
Garlinghouse moved on to reiterate that the IPO strategies are currently becoming sluggish due to the ongoing lawsuit, and he alleged the SEC to be responsible for the delay being witnessed in the litigation process.
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