Whale , the monitoring service that tracks major cryptocurrency transactions on blockchains, has detected seven major transactions for XRP issued by Ripple on exchanges. More than 330 million XRP worth about $125 million have been moved, with fintech giant Ripple also taking part in moving their funds on the blockchain.

Whale has posted a series of tweets to announce the seven major XRP transfers. The largest of the transfers was made by the company, with 70 million XRP moving to RL18-VN, one of Ripple's backup wallets.

The company is known to use this wallet to carry XRP beyond the borders of Ripple, to cover its customers, exchanges and operational expenses. At current prices, XRPs moved by this transaction corresponds to $ 26 million 718 thousand 456.

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Mexico-based crypto exchange Bitso, on the other hand, processed a slightly larger amount compared to Ripple's transaction. Bitso is the only crypto unicorn in Latin America and a company where Ripple invested an undisclosed amount in the fall of 2019, making the exchange a partner in On-Demand Liquidity (ODL) service for fast and low cost.

The remaining five transactions were made on exchanges such as Bitstamp, Bittrex, and approximately 70 million XRP was moved.

The 7th largest altcoin, Ripple (XRP), has been moving in the range of $ 0.42 to $ 0.37 for a long time. Bitcoin's downward trend on Friday with inflation data from the US negatively affected Ripple's XRP along with other altcoins.

Ripple (XRP) price was $0.365 at the time of writing, while the last 24-hour trading volume is $1,052,016,132. Ripple (XRP) price is down -4.8% in the last 24 hours. There is a circulating supply of 48 Billion XRP coins, with a total supply of 100 Billion coins.