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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