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According to Whale Alert, roughly four hours ago, 12,000,000 XRP tokens were moved from Bittrex to an anonymous crypto address.
It happened while the sixth largest cryptocurrency, XRP, has demonstrated a price spike of 6.50%, as per data shared by CoinMarketCap.
Whale Alert has tweeted that an anonymous whale has shifted 12,000,000 Ripple-affiliated XRP tokens to an unregistered address. This amount of crypto comprises $10,422,657.
🚨 12,000,000 #XRP (10,422,657 USD) transferred from #Bittrex to unknown wallethttps://t.co/LlQqP9xssl
Detailed data from the Bithomp platform has shown that the unregistered wallet in fact belongs to the South Korean exchange Upbit.
As reported by U.Today at the start of March, SEC Commissioner Hester Peirce believes that some of the staff of the agency do not believe the SEC can achieve the result they intended when they started the case against Ripple Labs in December 2019.
However, even with these rumors, the founder of CryptoLaw, John Deaton, stated that he does not expect the case to be settled in March.
Still, XRP remains attractive for investors as the coin seems to remain at the $0.8 level without going down, sometimes printing small rises.
At the time of writing, XRP is trading at $0.8878, showing a price increase by 6.50% over the past 24 hours.
Yuri is a crypto journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. ‘Hodls’ major cryptocurrencies and has written for multiple crypto media outlets.
His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.
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Disclaimer: Any financial and market information given on U.Today is written for informational purpose only. Conduct your own research by contacting financial experts before making any investment decisions.