HomeCryptoAltcoinStellar: a record transaction of 1 billion XLM

Stellar: a record transaction of 1 billion XLM

On March 19th, a record-breaking transaction of 1 billion XLM was carried out on the Stellar Lumens blockchain.

The transaction took place after it was announced that IBM will provide support to several banks for the implementation of crypto services, by using precisely the Stellar Lumens blockchain, which could mean that the two things could be linked.

The news was posted on Twitter by Whale Alert, which also revealed that the amount was actually divided into transactions of 10 million XLM each.

stellar record transaction xlm

stellar record transaction xlm

The account that made the transaction is called “GDKI”, and currently still has a total of over 43 billion XLM – making it the largest holder of Stellar Lumens.

The transaction history of this account also includes transactions to the Coinbase exchange.
stellar record transaction xlm

To date, 1 billion XLM is worth more than 100 million US dollars, so this is a very large transaction.

The GDKI account, which owns 43 billion XLM, holds a real treasure greater than 4.5 billion dollars. The identity of its owner is not known, but it is said that it was created at the beginning of August 2016 and that at the time its balance amounted to over 47 billion XLM. Their value at the time was around 90 million dollars, so today it is worth about 50 times that amount.

Alfredo de Candia
Alfredo de Candia
Android developer for over 8 years with a dozen of developed apps, Alfredo at age 21 has climbed Mount Fuji following the saying: "He who climbs Mount Fuji once in his life is a wise man, who climbs him twice is a Crazy". Among his app we find a Japanese database, a spam and virus database, the most complete database on Anime and Manga series birthdays and a shitcoin database. Sunday Miner, Alfredo has a passion for crypto and is a fan of EOS.