In the past thirteen hours, 193 million XRP has been moved by the largest crypto exchange Binance by volume.
Whale Alert reported that in the past thirteen hours, a staggering $ 125,121,179 worth of XRP has been moved by two major crypto platforms.
This is equivalent to 193 million XRP.
Binance and BitGo send XRP to each other
The Whale Alert team shared several moves that carried 65 million XRP, 40 million (x2) and 24 million (x2).
The transfers were handled by BitGo, an exchange and crypto custodian used by the Binance exchange (the largest crypto exchange by volume) and financial institutions. Second, Ripple also stores XRP for the crypto giant.
XRP rose to $ 0.6489 as Coinbase was rethinking the coin.
The seventh largest cryptocurrency, XRP, rose to a 39-day high after Brad Garlinghouse announced confidence that Ripple could win the legal battle against the SEC.
XRP hit the $ 0.609 level on Friday.
Today, however, XRP continues to rise and is currently changing hands at $ 0.6489, according to CoinMarketCap.
One possible reason for this is speculation that the US-based Coinbase giant is preparing to continue trading XRP.
Coinbase suspended XRP trading in January this year, after the case started with multiple exchanges such as Bittrex and Binance US, which followed the case on December 21.
However, Coinbase has since allowed its customers to store and withdraw XRP without any problems, and only trading has been suspended.