Whale Alert: Hundreds of Millions Flown From This Altcoin To Coinbase! - News-Credit-Mortgage-Coin

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Saturday, August 21, 2021

Whale Alert: Hundreds of Millions Flown From This Altcoin To Coinbase!

 



Twitter bot Whale Alert, which tracks major crypto transactions in multiple cryptocurrencies, shared that several large sums of Stellar Lumens (XLM) have been transferred in the past twenty-four hours with the participation of the largest US-based crypto exchange Coinbase. Altcoin Stellar is a competitor to Ripple Labs and was founded by Ripple's co-creator and former chief technology officer Jed McCaleb in 2014 after he left Ripple due to inconsistencies with other co-founders. The project is basically based on the Ripple Labs protocol and has been separated through a hard fork and rewritten with Stallar specific code. It is frequently preferred for cross-border payments for very fast and low-cost transfers…



Anonymous whales carried 109.1 million XLM

According to data provided by the aforementioned Blockchain tracking service WhaleAlert, there have been three transactions in the past twenty-four hours carrying a large amount of Stellar's native cryptocurrency XLM. The largest amount of XLM transferred among addresses with unregistered owners was 51,460,570. This is equivalent to $19,684,672 at its current price. Two other transactions moved Stellar Lumens to Coinbase, the largest crypto trading hub in the United States, which went public on the Nasdaq via a direct listing in April this year. The total amount of XLM transferred is equal to $41,455,529.


Altcoin XLM is up 1.6% to trade at $0.37

XLM, the 21st largest cryptocurrency, is trading at $0.37 at the time of writing, up 2.55% weekly, according to CoinMarketCap. At its local peak, which we quoted on August 16, altcoin project XLM rose to $0.39 but then faced a return to $0.35. The highest price XLM has managed to reach this year was $0.73 on May 16. However, it is currently trading around 59.66% below the all-time high of XLM at $0.9381, which was reached on January 4, 2018.

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