30 million $XRP shoveled by Ripple, here's where it sent the money. whale_alert
In the meantime, nearly 262 million XRP coins were also shifted by whales between wallets on various top exchanges.According to one of the tweets from the source, Ripple shifted 30,000,000 XRP to the Bitso exchange located in Mexico – that is Ripple's partner, in which the company invested an undisclosed amount of funds back in the fall of 2019.
The transaction was made from one of Ripple's reserve addresses, RL18-VN, which is used to send crypto to financial institutions, customers and exchanges, according to Bithomp, an XRP-focused wallet tracker.Aside from that, Bitso is a crypto unicorn and Ripple's On-Demand-Liquidity platform. ODL is a system for fast and seamless cross-border payments that utilizes XRP.
Now that Ripple continues its legal fight against the SEC, it is doing very well, according to a recent interview by Brad Garlinghouse, the CEO. It keeps supporting its ODL network by injecting more XRP into it. Overall, Whale Alert stated that a total of 291.7 million XRP has been wired between wallets in BitGo, Bittrex, Bitstamp and Bitso, including Ripple.
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