Following the recent XRP rally, a massive movement of XRP tokens has been occurring as the whales re-shuffle the token between Bitstamp and different Wallets over the past 24 hours.
Bitstamp Transfers Over 70 Million XRP
Per Whale Alert, a whopping 70,339,320 million (70.33 million) XRP were re-shuffled between the Bitstamp cryptocurrency exchange and different unknown wallets over the past 24 hours. The total moved XRP token according to coingecko worth around $36.57 million at $0.52.
Read Also: SHIB Super Store Introduces Another Way Of Burning SHIB, SHIB Burns Via Fiverr
- A whopping 25 million XRP tokens worth $12.88 million were moved from an unknown wallet to one of Ripple’s official On-Demand Liquidity (ODL) partners, Bitstamp.
- Another whopping 20 million worth 10.33 million were moved to Bitstamp from an anonymous wallet.
- Bitstamp exchange address transferred a total of 25,339,320 (25.33 million) XRP worth $13.13 million sent to an unknown wallet.
XRP Recently Soared 8% In The Last 24 Hours
Earlier this morning, cryptolifedigital, reported that XRP spiked over 70% over the past 30 days and 8% in the last 24 hours.
It is said that the current rally of the XRP token could be an indication that the ongoing lawsuit between Ripple and SEC will favour the blockchain company.
Read Also: Terra Classic Developer Says The Next Terra Classic Upgrade (v23 Upgrade) would Bring A Boost To LUNC Network
Ripple Filed Against Third Parties’ motions As Companies filed In Favor Of Ripple
Many companies have been reported requested to file an amicus in favour of Ripple In the ongoing lawsuit although, the SEC filed against third parties’ motion. Companies like I-Remit and TapJet have recently requested to file an amicus in favour of Ripple.