Chinese exchange Huobi transferred half a billion XRP, while Ripple sent 900 million XRP to Escrow. However, the company continues to send XRP to Huobi on a daily basis.
Data monitoring service Whale Alert tweeted that Chinese crypto giant Huobi has transferred half a billion XRP. Meanwhile, Ripple, the company directly associated with the cryptocurrency, locked almost a billion XRP back into the escrow after releasing it.
Transfers Continue in Huobi
Whale Alert has published the details of two transfers of approximately $530 million made by the largest Chinese cryptocurrency exchange. A total of 490 million XRP was moved between its wallets by Huobi. Prior to that, the platform sent 25 million XRP to the Binance exchange.
The combined value of both transactions in fiat currency is equivalent to $528,911,442.
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