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FTX, Binance, and Other Top Crypto Platforms Moved Almost 400 Million XRP

According to XRP-focused tracker XRPL Monitor, many of the most prominent exchanges and anonymous wallets have put roughly 400 million XRP into the blockchain in the last twenty hours.

The aforementioned tracking bot has discovered many huge chunks of XRP (ranked 7 by CoinMarketCap at press time), each containing 10 million to 40 million coins.

Binance, FTX, Bittrex, Ripple’s ODL partner in Latin America, Bitso, and other big exchanges were among the senders and receivers. Furthermore, over a dozen anonymous wallets were implicated in these numerous transactions.

https://twitter.com/XRPL_Monitor/status/1520169516260540416?t=1qZRfs-h-3d-QDEmX7D_QA&s=19
https://twitter.com/XRPL_Monitor/status/1520169275885068289?t=A8gSnZ9bSeMOOP7ZVr9gfw&s=19
https://twitter.com/XRPL_Monitor/status/1520142218509570048?t=N_EUTGQjlx8qgfVwUjCXlg&s=19


As of this writing, XRP is trading at $0.6205, representing a 1.28 percent loss in the last twenty-four hours.

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Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. Crypto is not a legal tender and is subject to market risks. Readers are advised to seek expert advice and read offer document(s) along with related important literature on the subject carefully before making any kind of investment whatsoever. Crypto market predictions are speculative and any investment made shall be at the sole cost and risk of the readers.