190 million XRP moved between whales as XRP shows 12.12% increase

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Youri Molchan

According to recently shared data, whales made several large transfers between exchanges, while XRP recorded a weekly growth of 12%.

Contents

  • 190.4 million XRP moved by owners between exchanges
  • Ripple opposes SEC’s request for another deadline extension

Whale Alert has detected that in the past 17 hours, more than 190 million XRP have been transferred between wallets belonging to different leading crypto exchanges based in the United States and South Korea.

Meanwhile, the sixth-largest cryptocurrency, XRP, has seen a 12.12% increase over the past seven days.

XR Plug12%
Image via CoinMarketCap

190.4 million XRP moved by owners between exchanges

Whale Alert has spotted that a whopping 190.4 million Ripple-affiliated coins have been transferred by wallet owners on various crypto trading platforms.

The largest sum moved in this small chain of XRP transactions totaled 76,000,000 XRP moved by the main South Korean platform Bithumb. The smallest constituted 66.4 million coins, and the rest carried 25,000,000 and 23,075,900 XRP.

Besides Bithumb, transfer participants included FTX, Bittrex, BitGo, etc.

The aggregate value of the XRP transactions described above constitutes $160,911,969.

Ripple opposes SEC’s request for another deadline extension

As U.Today covered earlier, Ripple opposed the request sent by its opponent, the SEC, to the court, where the regulatory agency demanded a further deadline extension.

Ripple does not want to delay the court decision as it does not believe that XRP is an unregistered security.

The agency requested additional time on March 21 to inform the court whether or not it will make additional findings.

The SEC’s request came up against Brad Garlinghouse (CEO) of Ripple and Christopher Larsen (co-founder) of Ripple, among others.

Just recently, Garlinghouse said in an interview that he was optimistic about the upcoming outcome of the case against Ripple. This happened after the court denied the SEC’s motion to strike down Ripple’s fair notice defense.

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