Ripple fintech giant continues to shovel huge amounts of XRP tokens to leading crypto exchange based in Europe
Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions.
This happened while the XRP price has demonstrated a mild recovery over the past week, rising 3.43% since Thursday, Oct. 12.The above-mentioned data source stated that a total of 30,200,000 XRP were sent to Bitstamp by an anonymous whale.
ODL utilizes XRP for making cross-border payments between crypto exchanges, where first fiat is converted into XRP and then converted into the fiat currency of the receiver. Unlike traditional bank transfers, this method is much faster and cheaper and does not require the use of prepaid accounts in the destination countries.
Meanwhile, large XRP holders, known as whales in the cryptocurrency market, seem to still believe in the rosy future of the coin. Recently, prominent on-chain data aggregator Santiment spread the word about XRP whales and sharks accumulating XRP aggressively.– compared to last year, their holdings have increased from $7.16 billion worth of XRP to almost $8 billion in this popular digital currency.Yuri is a crypto journalist interested in technology and technical innovations.
His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.Shiba Inu's BONE Skyrockets 6%, But Bigger Picture Is Even More Impressive
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Ripple's Win Elevates XRP With Hong Kong's Top Crypto Index InclusionHong Kong's main crypto index HKVAC incorporates XRP following Ripple's success
Read more »
Ripple (XRP) on the Verge of a Massive Milestone: Is It Bullish?Crypto Blog
Read more »
The Most Recent Ripple (XRP) Predictions You Should Know AboutCrypto Blog
Read more »
SEC Plans No Appealing on Lost Grayscale Case, Ripple Advocate Shares His TakeRipple advocate Jeremy Hogan has shared his take on rumors that SEC does not intend to get court's ruling on Grayscale ETF reviewed
Read more »
Ripple effect seen on markets globally from Middle East conflictEconomists and market strategists are anticipating further ripple effects globally from the Middle East conflict, watching to see if the situation draws in other countries with the potential to increasingly drive up oil prices and send capital flowing to safehavens.
Read more »
Ripple effect seen on markets globally from Middle East conflictRipple effect seen on markets globally from Middle East conflict
Read more »