Renowned crypto tracking service Whale Alert has announced that 21,000,636 million XRP ($16,782,761 million) has been sent from HitBTC exchange to Binance in the past 15 hours.
🚨 21,001,636 #XRP (16,782,761 USD) transferred from #HitBTC to unknown wallethttps://t.co/qImPROO95K
— Whale Alert (@whale_alert) December 13, 2021
In the statement from the analysis platform Bithomp, it was stated that the anonymous wallet in question is based on Binance and the wallet in HitBTC was opened by the Poloniex exchange.
Previously, 127.3 million XRP was carried by major South Korean crypto exchanges Bithumb and Coinone. All of these transfers coincided with a sharp increase in XRP address activity.
It is known that such transfers often have price-reducing effects. In fact, it has been seen before that these transfers between exchanges were made directly by the Ripple company and this fueled the selling pressure.
On the other hand, the number of active XRP addresses on Bbday is much higher than in May of last year. On the other hand, while the total of active XRP addresses in October was 147,000, there has been a noticeable decrease in this number.
The current number of active addresses is around 95,300. However, when this number is compared to May of 2020 (it was only 5,000 at the time), there has been a serious increase in the number of addresses. According to some major XRP community members, this increase is a good sign for XRP.
XRP Snapshot
According to CoinMarketCap data, the 8th-ranked cryptocurrency has been falling as of yesterday and has been trying to hold on to the level of 0.79 dollars for a few days.
Prominent Crypto Exchange’s Decision to Delist XRP
Another development regarding XRP came from Canada. The country’s well-known cryptocurrency exchange, Bitbuy, announced that it will delist XRP on January 13, 2022.
Bitbuy has allowed users to exchange XRP for Canadian dollars and Bitcoin with its service until now, but with this latest decision, XRP/CAD and XRP/BTC trading will not be possible.
In this decision taken by the stock market, the SEC lawsuit was the main reason. In its latest announcement, the exchange implicitly stated that they attach importance to the opinions of international regulators.
While the SEC case is still pending, it seems that what will be the outcome and what attitude crypto exchanges will take against XRP will determine the fate of investors.