Ripple Continues to Send XRP to Huobi


Ripple moved another stack of XRP to popular cryptocurrency exchange Huobi, helping top cryptocurrency exchanges transfer 110 million tokens between each other.

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The Whale Alert crypto tracking platform has posted several tweets about nearly half a dozen major XRP transactions made in the past 15 hours. Fintech giant Ripple continues its regular XRP transfers to Huobi.

106 Million XRP Moved

Whale Alert announced that seven major XRP transactions were made by a number of organizations, including several major digital exchanges, in the past 15 hours. The most mentioned exchanges were cryptocurrency giants Binance and Huobi.

The largest amount of XRP was sent from Binance to Huobi: 40 million tokens. Additionally, these two platforms transferred another 30 million XRP between each other. Bitfinex transferred 20 million tokens to Huobi. Whale Alert also reported that an anonymous crypto whale slipped 7,498,000 tokens to the US-based Kraken exchange. The total amount of XRP carried between these platforms is equal to $ 161,626,716.


Ripple Released 100 Million XRP

Ripple continued its regular XRP transfer for another week to China’s largest trading company Huobi. Last week, the blockchain giant led by Brad Garlinghouse sent 38.5 million XRP to the Chinese firm in seven-day transactions of 5.5 million XRP each.

Each week, the size of the daily transfer is decreasing, reaching 7,066 million over the past week. The last two transactions from Ripple’s RL18-VN wallet (today and Sunday) show that this week Ripple sent 4,087,900 tokens per day.

The relevant data is provided by the Bithomp analysis platform, which monitors XRP transactions. The purpose of these continuous XRP transfers to Huobi is unclear and Ripple does not provide any comments on this.