Blockchain tracker Whale Alert, which shared detailed data on large cryptocurrency transfers, detected two large packages of cryptocurrency sent to popular exchanges Bitstamp and Bitso. One of the transfers carried 26,500,000 XRP and the other moved a slightly smaller portion of 20,000,000 XRP.
Almost 50,000,000 XRP in total have been removed in the last 24 hours. Meanwhile, XRP is up more than 15% in the last seven days.
$25.8 million worth of XRP on the move
According to the two X posts published by the aforementioned cryptocurrency tracking bot, these two transfers of 25.5 million XRP and 20 million XRP were valued at $14,735,487 and $11,115,098.
According to data shared by XRP explorer Bithomp, in both cases, the transactions were initiated by a Ripple-affiliated wallet. rpEBdnP3C3wNvDX2hcfMJY9JoNUH3LXfj5.
The destination of the first transfer was the Bitstamp exchange located in the European Union. The second was aimed at the Mexico-based Bitso exchange, also a local crypto unicorn with a capitalization of more than $1 billion.
Furthermore, it is a well-known fact that both Bitstamp and Bitso collaborate with San Francisco-based fintech giant Ripple on its “Ripple Payments” service, which uses XRP to make cross-border payments over the RippleNet network. In the not-too-distant past, this service used to be called On-Demand Liquidity (ODL), but it was recently renamed to make it more understandable to those outside of cryptocurrencies and Ripple.
Ripple CTO stirs up XRP and PEPE communities
As U.Today previously reported, Ripple Labs CTO David Schwartz posted a photo of a frog on his X account on Thursday. This immediately caught the attention of not only XRP fans but also the PEPE community.
While XRP enthusiasts began to guess whether the frog represented the promote meme with frog theme. currency, which has seen a surprising increase of more than 60% this week. PEPE jumped from $0.0000007489 to the $0.000001172 level, where it is trading at the time of writing.
