Ripple Moves Millions of XRP to Bitstamp, With Price Jumping 7% This Week

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Ripple Moves Millions of XRP to Bitstamp, With Price Jumping 7% This Week
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Large transfers of XRP coins have been spotted by large cryptocurrency tracker, data says that Ripple Labs giant is involved here

This time, the popular above-mentioned blockchain sleuth detected a big transaction, carrying tens of millions of XRP to a popular crypto trading platform and about the same amount moved from an exchange to an anonymous wallet. Details from a popular XRP explorer show that one of those anon wallets is related to Ripple Labs.In total, 55.3 million XRP were transferred by anonymous whales.

Bitstamp is a Ripple Payments bridge in Europe, while Bitso spreads and utilizes this technology in the Latin American market. Since Friday last week, the fifth largest cryptocurrency XRP, affiliated with Ripple, has put up an increase of 5.73%.

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