Whale Alert: millionaire transactions for XRP
Altcoin

Whale Alert: millionaire transactions for XRP

By Alfredo de Candia - 8 Apr 2019

Chevron down

A few days ago, Whale Alert informed of a new million dollar transaction involving Ripple’s XRP tokens. Some of these transactions were carried out by Ripple’s own team on the OTC (over the counter) market.

The transaction originated from the Ripple wallet to another OTC wallet also owned by the cryptocurrency’s team.

Whale Alert also reports other movements towards unknown wallets, again with several million dollar XRP transactions.

Finally, Whale Alert also reported another million-dollar transaction of XRP tokens addressed to a Ripple wallet (XRP II).

In short, Ripple has moved a total of more than 85 million XRPs worth more than $30 million, performing five separate operations. All these transactions are added to the billionaire transaction at the beginning of the month, the one that the team carries out for managing all requests and OTC orders.

These million-dollar operations foreshadow important orders on the OTC market, although it is obviously difficult to understand the reason for these transactions.

In a recent interview, Ripple’s CTO reiterated that they have no control over the network, but only 55 billion XRPs.

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.

We use cookies to make sure you can have the best experience on our site. If you continue to use this site we will assume that you are happy with it.