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Ripple XRP worth nearly $ 1 billion from whales moved

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“Whales” are called in the field of crypto-currencies major investors, which have huge sums of a cryptocurrency compared to the normal investor. Some of these whales also hold large amounts of the cryptocurrency Ripple XRP.

Twitter user Whale Alert is dedicated to tracking these whales and reporting live large crypto transactions and tether creations. Its tracking is based on Bitcoin (BTC), Ethereum (ETH), Ripple XRP, Tether (USDT), EOS and the top 100 ERC-20 tokens.

Now Whale Alert has discovered the footprints of some notable ripple XRP whales. Ripple coins worth $ 989,999,892 were moved over a period of just over an hour.

? ? ? ? ? ? ? ? ? ? 99 99 99 99 99 99 99 99 99 99 99 99 99 99 99 999,999,959 #XRP (348,507,596 USD) from from from transferred <<<<<<<<<<<

Tx: https://t.co/Ev8EewPGcu

– Whale Alert (@whale_alert) November 27, 2018

The total was spread over five transactions. The first transaction covered $ 200 million Ripple XRP worth over $ 69 million. The coins were sent from the Ripple Escrow Wallet to the Ripple OTC Distribution Wallet. The receiver wallet is obviously the ripple wallet for over-the-counter trading. Forty-five minutes later, another $ 40 million Ripple XRP (worth $ 14 million) was transferred from the Ripple OTC Distribution Wallet to an unknown wallet. Only 3 minutes later, a third transaction was executed on more than 850 million Ripple XRP. These ripple XRP had a value in excess of $ 296 million.

Ripple Labs holds the largest amount of coins

These coins were also sent to an unknown wallet by the Ripple OTC Distribution Wallet. This was followed, 4 minutes later, by a fourth transaction of nearly $ 750 million Ripple XRP worth $ 261 million, also from the Ripple OTC Distribution Wallet to an unknown wallet. Another big transaction followed 2 minutes later. It has transferred nearly $ 1 billion worth of Ripple XRP worth over $ 348 million, this time from an unknown wallet to another unfamiliar wallet.

Most of the transactions seem to have been done by the company Ripple Labs itself. Ripple Labs holds 60 percent of the existing total of Ripple XRP. Most of these coins are in Ripples Trust Wallet.

Ripple regularly sells Ripple XRP in off-exchange trading. For example, the company announced some time ago that it had sold Ripple XRP for a total of $ 163.33 million in the third quarter of 2018. By contrast, only $ 73.53 million was generated in the second quarter.

Much of the increase in sales proceeds is likely to be due to a direct sale to financial institutions. For example, in the third quarter of 2018, Ripple sold $ 98 million in funds to these institutions. In the previous quarter, the company could sell only Ripple XRP worth 16.87 million USD. Also to be included is that Ripple Labs has released their new product xRapid using Ripple XRP. A further increase in sales should therefore be expected.

Sources: Twitter, CNBC, Pixabay

Author: Peter Joost – Source Post: https://www.kryptovergleich.org/ripple-xrp-im-wert-von-beinahe-1-milliarde-usd-von-walen-verschoben/

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