The Whale Alert channel, which tracks major movements of digital currencies, has detected nearly 800 million XLM being moved by major owners in the past fifteen hours.
800 million XLM moved
This huge volume of XLM has been moved by anonymous users, according to a series of recent tweets posted by Whale Alert, totaling 800 million XLM, equivalent to $ 351,697,770.
Arguably, this is the first major XLM move in the past few weeks.
At the time of writing, XLM is a 15th ranked digital currency on CoinMarketCap, trading at $ 0.44. Over the past 24 hours, the coin has increased by 8.41%.
ETP XLM and ADA are launched in Switzerland
It is possible that the following event was one of the reasons that triggered the move above. On April 22, CoinDesk reported that ETP products based on XLM and ADA were launched on the Swiss exchange SIX.
The ETPs are launched by Swiss-based investment product provider 21Shares – crypto-friendly country.