Exchanges moved 247 million XRP as the coin holds in the range of $0.7.
Whale Alert has reported that in the last three days, popular digital exchanges have seen a spike in crypto transactions which moved a massive amount of Ripple-affiliated XRP coins between their addresses. A total of 246.7 million coins have been carried.
The exchanges whose wallets were involved are Binance, coin cone, Bittrex, Ripple’s ODL platform Bitso in Mexico, etc. Some of these transactions were conducted by the exchanges internally.
These transfers moved large lumps of XRP – from 60 million to 40 and 30 million. The smallest ones shifted roughly 12 million coins.
These increased XRP transactions have been occurring after Ripple spread the word about RippleNet’s adoption success in the Asia-Pacific region with a forecast for a lot more utilization throughout 2022.
Related: Ripple In Collaboration With Pyypl To Build ODL In The Middle East
RippleNet is a global payments network founded by Ripple that includes the usage of the On-Demand Liquidity (ODL) technology which requires XRP.
For now, the seventh-largest cryptocurrency, XRP, will continue to trade in the range of $0.7.
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