Anonymous Whale has moved 84.3 million XRP to Binance while the popular Ripple-linked coin remains at the $ 0.50 level
- 84.3 million moved to Binance
- Binance comes in hot water with regulators in different countries
Popular crypto tracking bot Whale Alert posted a tweet detailing a recent transfer worth 84.3 million XRP.
The transfer came a little over three hours ago. It carries the XRP equivalent of $ 49,238,566.
Meanwhile, XRP, the sixth largest cryptocurrency, continues to trade in the $ 0.50 area where it was in mid-July and has remained there ever since.
84.3 million moved to Binance
According to analytics data from Whale Alert, a whopping 84,346,655 XRP were transferred to the Binance exchange about three hours ago.
Details show that the transaction was carried out by the Bybit trading platform. Unlike Binance.US and other major crypto exchanges, Bybit has not suspended XRP trading this year after the SEC filed a lawsuit against Ripple Labs in late December 2020.
🚨 🚨 🚨 🚨 84,346,655 #XRP (49,334,509 USD) transferred from unknown wallet to unknown wallethttps: //t.co/KJY0vlLQcF
– Whale alert (@whale_alert) July 19, 2021
Binance comes in hot water with regulators in different countries
As previously reported by U.Today, the world’s largest crypto exchange under the leadership of Changpeng Zhao (aka CZ) was in the crosshairs of financial regulators in various countries.
These include Great Britain, Malta and Italy, followed by Hong Kong. The regulators in these countries have stated that the Binance Group is not authorized to operate there.
Last week, Binance also announced it would stop trading tokenized stocks to move on to other projects. In reality, this case is again related to regulators in Germany and Italy and, according to Chinese cryptocurrency journalist Colin Wu, in Hong Kong.