120 Million XRP Shifted by Major Exchanges as Price Drops 9% Over Weekend

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120 Million XRP Shifted by Major Exchanges as Price Drops 9% Over Weekend
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Exchanges move 120 million $XRP, despite recent 9% price decline. Ripple XRParmy XRPnews

Meanwhile, over the same time period, the Ripple-affiliated cryptocurrency has lost around 9% of its value on the market.The team of popular crypto tracker Whale Alert, which publishes details of large crypto transactions, has tweeted that over the weekend, 120.1 million XRP tokens have been wired by three major crypto exchanges, including the biggest one by trading volume, Binance.

The crypto tracking service has detected three large transactions. The biggest one carried 90,000,000 XRP, which comprises $64,214,350. These funds were moved by the leading South Korean platform, Bithumb. Binance has shifted 15,172,582 XRP among its wallets, according to XRP-focused analytics website Bithomp. The last transfer – which also moved 15,000,000 XRP – was made by Bittrex exchange based in the U.S. to another South Korean platform, Upbit.

Per the current XRP/USD exchange rate, the USD equivalent of the transferred XRP sum comprises $86,759,432.

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