Analysis platform bithomp According to the information conveyed by Ripple, there has been a serious XRP transferred, and a significant portion of them go to the Huobi cryptocurrency exchange. Looking at the last 18 days, it seems that Ripple has sent more than 33 million XRP to the leading cryptocurrency exchange.
XRP Transfers Get Attention
The amount in question corresponds to 38,790 million dollars as of the moment of the transfers. Weekly transfers started on September 29, and Ripple sent 100 million XRP to Huobi before that. The Huobi cryptocurrency exchange recently announced that it has stopped serving Chinese users and even suspended CNY transactions on OTC. This decision, which came after China’s cryptocurrency bans, is hardly surprising and many were expecting it. Despite this, the continuation of sending large amounts of XRP to Huobi shows that the demand for XRP is not actually caused by Chinese investors.
Although XRP is very popular in Asian countries, it is not China that leads. On the contrary, it is seen that XRP even surpasses the leading cryptocurrency Bitcoin in terms of trading volume from time to time in Japan, and Ripple’s constant sending of XRP points to this.
Ripple’s taking a few important steps towards Asian markets while the uncertainty of the case in the USA continues, showing that Asia is targeted in the worst-case scenario.
