The world’s major exchanges moved a little over 309 million XRP in the last two days of 2021
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- 309 Million XRP Launched By Top Trading Venues
- Ripple summarizes 2021 results
Whale Alert has detected several large XRP transactions in the past seven hours. One of them held a staggering 177,149,700 coins.
309 million XRP launched by top trading venues
Funds were transferred internally by Bithumb, a South Korea-headquartered major exchange, between GoPax and FTX. According to the Bithop XRP analytics provider, the largest transfer of over 177 million XRP was made between anonymous wallets.
As reported by U.Today earlier this month, major exchanges, along with the tech giant Ripple, moved a total of more than 1.1 billion XRP in two consecutive days.
Meanwhile, recently XRP users have been withdrawing large amounts of Ripple-affiliated tokens from crypto exchanges, while the exchanges have seen an increase in XRP inflows.
177,149,701 #XRP (151,262,681 USD) Transferred from unknown wallet to unknown wallethttps://t.co/fno14RmMex
— Whale Alert (@whale_alert) 31 December 2021
Ripple summarizes 2021 results
Despite the SEC’s legal battle against Ripple a year ago, Brad Garlinghouse, the company’s CEO, believes 2021 has been the strongest year ever for Ripple. This year, XRP-based ODL payments accounted for a substantial 25% of USD volume on RippleNet. Furthermore, according to the CEO’s tweet, the transactions done with the help of ODL have increased by 25% from the third quarter of last year and QoQ has increased by 130%.
As for the lawsuit itself, Ripple believes it will end in 2022.