Several major exchanges and anonymous wallets have put approximately 400 million XRP into blockchain in the last twenty hours, according to the XRP-focused tracker XRPL Monitor.
Among the transacting parties were Binance, FTX, Bittrex, Ripple’s ODL partner in the Latin American area Bitso, and others. Furthermore, other anonymous wallets over a dozen of them were implicated in these numerous transactions.
As of this writing, XRP is trading at $0.6205, representing a 1.28% loss in the last 24 hours.
Several huge chunks of XRP (ranked 7) ranging between 10 million to 40 million coins have been identified by the aforementioned XRP monitoring bot.
According to one source, XRP is ranked seventh in terms of market capitalization. XRP has overtaken Terra (LUNA), Cardano (ADA), and Avalanche (AVL) in terms of market capitalization, with a market value of $37.46 billion (AVAX).
Previously, Ripple also sent 40,000,000 XRP to the Bitso exchange in Mexico. It is the largest trading platform in Latin America and a crypto unicorn. It has also been one of Ripple’s ODL routes since 2019.
