131 Million XRP Moved by Coinbase and Huobi, While XRP Surges 23%

131 Million XRP Moved by Coinbase and Huobi, While XRP Surges 23%

Several major crypto exchanges have shifted 131.2 million XRP while the coin has surged over 23 percent in the past twenty-four hours

Crypto tracking bot Whale Alert has reported that, in the past 20 hours, several top-tier crypto exchanges and a few small ones have together transferred an astounding 131.2 million XRP tokens.

Meanwhile, the fourth largest (once again) cryptocurrency, XRP, has spiked more than 23 percent in the past 24 hours and is now sitting at $1.64.

Image via CoinMarketCap

Exchanges transfer $215,569,309 worth of XRP

According to Whale Alert, Coinbase, Huobi, Bittrex, Binance and Kraken, along with smaller exchanges, have shifted 131.2 million XRP. In fiat, that represents $215.6 million.

Bittrex has internally moved 10,500,000 coins. The largest lump was shifted by Coinbase: 62 million XRP.

The aforementioned platforms suspended XRP trading in January of this year: Coinbase, Bittrex and Binance.US. However, Coinbase and Binance.US have continued moving large amounts of XRP since then.

Coinbase has also allowed its customers to store and withdraw their XRP seamlessly as before. Now, the #relistXRP campaign is gaining traction on Crypto Twitter as Ripple has been scoring major legal victories against the SEC in court and the coin has been spiking.

At press time, it is trading at $1.64, having risen over 23 percent since Monday.

Ripple’s recent legal victories against SEC and Tetragon

As reported by U.Today on Monday, the two defendants in the SEC case against Ripple—Brad Garlinghouse and Chris Larsen—have filed motions to dismiss the regulator’s lawsuit against them.

The court accepted the motion and ruled that the SEC has to submit documentation to respond before May 14.

Besides, Ripple’s major investor, Tetragon, has lost the case against Ripple—in which it intended to redeem its $200 million investment based on the SEC legal complaint against Ripple Labs and its two aforementioned leaders.

Now, the company must pay Ripple $3.4 million in legal fees.

Original Source : u.today

Want to receive the latest stock and cryptocurrency news and investing ideas that can help you make money ?! Subscribe to our newsletter. Enter your email below and hit the subscribe button.

If you want professional consultation regarding stock or cryptocurrency investing leave your information below and experts from our trusted partners will reach out to you

Subscribe

* indicates required
Start Investing With Etoro