$96 Mln Worth of Ripple’s XRP Moved from Binance in One Transaction     

Libra Coin News
Mon, 08/05/2019 - 15:04
Alex Dovbnya
It took two transactions to transfer more than $100 mln worth of XRP to and from Binance 
Cover image via 123rf.com

According to Whale Alert, a website that is dedicated to tracking mammoth-size cryptocurrency transactions, almost $96.2 mln worth of XRP tokens have been transferred from the Binance cryptocurrency exchange to an unknown wallet.

That was preceded by another huge XRP transaction that was worth approximately $9 mln to the Malta-based exchange. 

On Aug. 2, the cryptocurrency community was caught off guard when Whale Alert tweeted about 1 bln XRP (~$320 mln) tokens being transferred entering the market.

Investors feared whether this would affect the token’s price, but it turned out to be an ordinary escrow release that takes place every month.    

Over the last 24 hours, the XRP price recorded a minor 2.52 percent following Bitcoin’s rapid surge to $11,500.

About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with an 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.