Huobi and Coinbase Move 131M XRP as its Price Goes Up by 23%

Whale Alert, a crypto tracking bot, has alerted that in the last 20 hours, various highly ranked and popular crypto-asset exchanges and some small exchanges also, have transferred XRP tokens worth a massive amount of 131 million together.

On the other hand, as XRP has reclaimed its position as the 4th largest crypto asset in the market, the price of the crypto asset has gone up by over 23% just in the last 24 hours, currently at the level of $1.64.

Transfers of XRP Worth $215,569,309 by Exchanges

As stated by the Whale Alert, Huobi, Coinbase, Binance, Bittrex and Kraken, and a lot of other small-sized crypto-asset exchanges have transferred around 131.2 million tokens of XRP. If we convert it into fiat money, it is worth over $215.6 million.

Bittrex has shifted 10.5 million crypto coins internally according to the Whale alert and the largest share of crypto tokens of 62 million XRP was transferred by Coinbase.

The crypto asset exchanges such as Bittrex, Binance.US, and Coinbase had suspended XRP trading from their platform during January this year. Nonetheless, Binance.US and Coinbase have been continuously transferring huge amounts of XRP tokens since that time.

Coinbase is also allowing its users to withdraw and store their XRP tokens very seamlessly, just like they did before. The #relistXRP campaign is currently trending and gaining a lot of attention on crypto Twitter. This is because Ripple has been securing very significant victories over their legal competitors such as the Securities and Exchange Commission (SEC) of the United States and Tetragon, and due to this, the price of their native coin, XRP, has been surging. XRP is currently being traded at a price of $1.64, with a 23% increase in price in the past 24 hours.

The Recent Legal Wins of Ripple Against the SEC and Tetragon

Reports on Monday suggested that the two defendants in SEC’s lawsuit against Ripple, Chris Larsen, and Brad Garlinghouse, have filed motions to dismiss the case filed by the SEC against them.

The court has accepted their motion to dismiss and it has sent out a ruling, directing the SEC to submit relevant documentation by 14th May, in order to respond.