A bizarre on-chain event has sparked confusion across the XRP community today.
Advertisement
Advertisement
In a span of just 62 minutes, a massive stash of 73 million XRP was transferred between five different anonymous wallets.
The entire sum was valued at $151.3 million at the time of the transfer.
The on-chain “hot potato”
XRP researcher Leonidas Hadjiloizou has jokingly commented that nobody wants this massive number of tokens.
Advertisement
The fact that the entire lump sum is kept intact indicates that this is a security protocol or liquidity routing by a single large entity. This is likely an exchange or custodian.
XRP is currently changing hands at $2.07.
Alex Dovbnya
Arman Shirinyan
Caroline Amosun
Dan Burgin