After the hard fork of Bitcoin Cash on November 15, Ripple has lost less value compared to Ethereum and has become the number one alternative currency in the crypto money market in terms of market volume.
While the topic started by a user on Reddit became one of the most talked about topics of the day, the loaded XRP transfers made in the posts shared by Whale Alert on Twitter were discussed under the topic.
2.6 Billion XRP in One Address
U/ReactW0rld shared the transfer adventure that started with 200,000,000 XRP (approximately $70 million) with a screenshot he took until the transactions reached the transfer of 999,999,959 XRP (approximately 350 million dollars) later on;
While it was seen that most of the transfers came out of Ripple’s wallets, the impression that the company sent the XRPs it sold to institutions or individuals came to the fore.
In addition, y in the highest transfer transaction. If each domain belongs to two wallets, no clear information was found and the fate of these wallets and the transfer remains unclear.
Comment from discussion Huge amounts of XRP are being moved around.
“The highest volume All three transactions go to the same address, and this address currently has 2.6 billion XRP in its account.. As much as 2.6 percent of the XRPs that will take place in the market.”
Another user states that Ripple Labs still controls 60 percent of the XRP circulation, while one billion XRP is released to the OTC markets every month. He added.
XRP, the number two currency in the cryptocurrency market, has a market cap of $15 billion and is trading at $0.3711 as of the time of publication, according to Binance data.
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