Bitstamp, one of the leading digital currency exchanges, has received a substantial transfer of XRP.
According to Whale Alert, a popular service that tracks large cryptocurrency transactions, a total of 29 million XRP, valued at approximately $14.7 million was transferred from an unknown wallet to the exchange.
On February 2, a remarkable transaction involving 40 million XRP, worth close to $20 million, was recorded to Binance, highlighting XRP's global allure.
That same day, Bitso was the recipient of an impressive 37.9 million XRP transfer, totaling more than $19.1 million, which underlines the international appeal of XRP.
Furthermore, Bitstamp received a substantial influx of 29.7 million XRP, valued at over $15 million.
In an even more striking move, Jan. 24 saw an enormous transfer of nearly 196.4 million XRP, equivalent to over $101.4 million, from Bitvavo to an unidentified wallet.
Currently ranked sixth by market capitalization, XRP is trading at $0.5042, with a slight increase of 1.1% over the past 24 hours.
After the recent hack involving Ripple co-founder Chris Larsen's personal XRP accounts, which saw the theft of approximately 213 million XRP valued at around $112.5 million, the token saw a substantial price drop. However, it has now pared most of its losses.
Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at alex.dovbnya@u.today.
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