Ripple Giant Moves 785 Million XRP, While XRP Managed to Touch $0.52

Ripple Giant Moves 785 Million XRP, While XRP Managed to Touch $0.52

Over the past ten hours, almost 790 million XRP were shifted by the Ripple fintech behemoth, meanwhile, the coin’s price managed to rise above the $0.50 level briefly

Whale Alert crypto tracker has reported that in the past ten hours, two Ripple-initiated transactions have been noticed, carrying a total of $347,855,136.

In the meantime, XRP has briefly surged to the $0.52 level but has rolled back down by now.

Image via TradingView

Ripple moves 785 million XRP tokens

According to the data shared by Whale Alert, Ripple crypto heavyweight has made two transfers, moving a whopping 745,669,248 XRP (equal to $330,204,163) and 40,000,000 XRP (an equivalent of $17,650,973).

The money has been shifted between Ripple’s internal wallets.

Image via Twitter

Ripple keeps signing up new companies to RippleNet

After Ripple and MoneyGram remittance giant have terminated their partnership recently, the fintech giant has sold all of GMI it had kept. Besides, Ripple continues to defend itself in court, fighting off SEC prosecutors in the lawsuit started back in late December 2020.

Still, despite the lawsuit, XRP desilting made by multiple exchanges, including big ones, like Coinbase, Bittrex, Binance US, etc, the company has managed to sign fifteen new contracts with banking institutions since the SEC filed the legal suit.

Besides, as reported by U.Today earlier, Ripple lawyers have asked the Federal Judge to compel the SEC to produce in court the documents collected on Bitcoin and Ethereum.

Unlike, XRP, the two major cryptocurrencies have been defined by the regulator as non-securities for a long while already.

Original Source : u.today

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