A huge sum of 50 million XRP has been moved from Ripple’s funding account in the last 14 hours.
According to an update by the blockchain platform that keeps all and sundry abreast of huge transactions in the crypto industry, WhaleAlert, 50 million XRP was moved from a funding account to an anonymous wallet.
A further check on the details of the transaction confirmed that the account, dubbed FundingWallet where the fund was transferred was activated by Chris Larsen and in February 2013.
Similarly, XRPL Monitor shared that cumulative amount of over 43 million XRP has been moved by the prominent Silicon Valley based blockchain company Ripple in the past twenty-four hours.
The transaction was executed in three consecutive times by the blockchain firm. Ripple, from its wallet, first moved 23.3 million XRP, and subsequently, the blockchain firm transferred another 10 million XRP then 10.02 million XRP.
A total of 0.0003 XRP was required to move the transaction as each has a transaction fee of 0.001. This marks one of the Ripple’s usual attempt of moving money.
Ripple’s ODL Registers Massive Growth in Australia
In another development, Caroline Bowler, the CEO of the Australian largest exchange, BTC market, has announced that the Ripple ODL has boosted traffic on the exchange platform as people develop more interest in using XRP for transactions.
According to Bowler, the BTC market has been recording a weekly growth off 5% since it became a member of RippleNet and that the relationship has been a positive one.
She pointed out that the BTC market saw massive growth in the month of April, and it is undoubtedly connected to people’s inclination toward XRP and the traffic driven by Ripple’s ODL.
In an interview with Thinking Crypto Bowler was of the opinion that the Ripple ODL has been increasing the figures of the exchange’s volume and is bringing a new phase to financial trade settlements and transfers.
Utility scan also confirms that the volume on AUD-USD corridor has so far been high; the corridor recorded a 24-hours volume of $3.9 Mln.
The platform which facilitates remittances across the U.S and the Philippines, according to Bowler, recorded an all-time high [ATH] in terms of liquidity on 17 April, with 14.427 million.
Bowler furthered that since January, there has been an average growth of 84% growth, and has recently been reporting liquidity of over 13 Mln.
