Tens of Millions of XRP Shoveled by Ripple Partner Bitso as XRP Drops 12% Weekly

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Tens of Millions of XRP Shoveled by Ripple Partner Bitso as XRP Drops 12% Weekly
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Major ODL platform Bitso shifts tens of millions of USD in $XRP. whale_alert Ripple

That was 120 million XRP, shifted by Ripple partner Bitso exchange and two anonymous digital wallets. In the meantime, the price of the seventh largest cryptocurrency XRP has shown a drop by more than 12% over the past week, according to Whale Alert.Ripple Labs made an investment into Bitso in the fall of 2019, the amount of which remained undisclosed. Bitso has moved 50,500,000 XRP to a wallet that the aforementioned tracker marked as unknown.

The same crypto exchange also received 30,000,000 XRP from a wallet that belongs to major U.S.-based crypto exchange Bitso.

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