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On Thursday, ETH output on central exchanges exceeded $1.2 billion. On the other hand, according to Whale Alert, 145 million XRP has changed hands between major crypto trading centers with the participation of Ripple Labs in the last 15 hours. Here are the details of the transactions…

Ethereum records record in stock market breakouts

On Thursday, September 16, the world’s second-largest cryptocurrency rose to $3,700 amid renewed market optimism. Ethereum on-chain fundamentals continue to gain great strength. According to data from IntoTheBlock, a staggering $1.2 billion in ETH was withdrawn from centralized exchanges in 24 hours on Thursday. This soon set a new record for short-term Ethereum outflows. The data provider states that when ETH exchange exits last exceeded $1 billion, the price of ETH rose 60 percent over the next 30 days.

https://twitter. com/intotheblock/status/1438615416608276485

If this rate increase is seen again, ETH will rise above $5,500 and hit an all-time high and enter the price discovery zone. Ethereum (ETH) has risen significantly in the past month since the London hardfork update in early August. Cryptocoin. com, with the update, it introduced the ETH burning mechanism, which makes the Ethereum network deflationary.

XRP transfers between Ripple and several exchanges

Whale Alert, which regularly shares details of major crypto transfers made and received by individuals and organizations, provided information on some of the key XRP transactions that have been made recently. According to tweets shared by the crypto follower, several large stashes of XRP worth $134,133,760 have changed hands in the past 14-15 hours. Whale Alert spotted five major crypto transactions involving Ripple, several cryptocurrency exchanges, and custody platform BitGo.

Ripple has sent 15 million and 25 million coins to the alternative address RL18-VN, which is often used to send XRP to the crypto giant’s partners, customers and crypto exchanges to support the sale or liquidity of the Ripple-affiliated cryptocurrency.

Bitstamp and Binance received 105 million XRP

The largest transfer made here was 52,027,950 XRP. Funds were sent from Bybit exchange to Binance. Huobi, the largest crypto trading platform in China, has also sent 40 million XRP to Binance. Thus, the exchange led by Changpeng Zhao received 90 million XRP tokens. The remaining fifth transaction was handled by the crypto custody service BitGo, which transferred 15,000,000 XRP to Bitstamp.

https://twitter. com/whale_alert/status/1438738823819763714


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Michael Lewis

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