Ripple : Potential SBI transfer volume last night

Ripple update: Potential SBI transfer volume last night

Hi all

We were having a discussion in our discord over the volume spike noticed last night we believe this could have potentially been from SBI there is a definite correlation between jpy and krw with both sides seeing a highly correlated volume of around 1.8 million xrp in fiat. This spike is repeated in other parings but not to the same degree indicating arbarage. We came to the conclusion this could be a xrapid trial. Any thoughts are welcome.

Data is here

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About Ripple (XRP)

Ripple connects banks, payment providers and digital asset exchanges via RippleNet to provide one frictionless experience to send money globally. Banks and payment providers can use the digital asset XRP to further reduce their costs and access new markets. XRP is the fastest and most scalable digital asset today.

Author: Routerz121

Score: 120

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