Crypto

127.3 Million XRP Transferred Between Exchanges • Coinkolik

Major exchanges in South Korea have transferred XRP. Also, XRP address activity has increased significantly.

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According to Whale Alert data, large XRP transactions were made by two of the top South Korean exchanges, Bithumb and Coinone.

127.3 Million XRP Moved Across Exchanges

According to tweets posted by Whale Alert, Bithumb and Coinone have transferred four different XRPs in the past day. Bithumb carried a total of 80,000,000, 20,000,000 and 12,000,000-112 million worth of XRP. Coinone has displaced 13,344,236 XRP.

All four transactions were made between exchanges’ internal wallets. Previously, Bitfinex stated that Bithumb is part of Ripple’s ODL corridor, which has not yet been officially announced.

“XRP Address Activity A Good Sign”

According to Santiment, in the period between late October 2021 and now, the activity of addresses belonging to XRP market participants is quite high.

XRP address activity has reached much higher levels than in May of last year, when the pandemic started.

The number of active XRP addresses peaked at 147,000 in October, but dropped to 95,300 on December 12. According to the Santiment table shared by major XRP community member XRPcryptowolf, there were around 5,000 active XRP addresses in May 2020.

Increasing XRP address activity is definitely a good sign.

Ranked eighth on the CoinMarketCap scale, XRP is trading at $0.8297 at the time of writing.

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