Main navigation

Almost 890 Mln XRP Moved by Ripple to Anonymous Wallet That May Be Another Escrow

Tue, 9/06/2020 - 8:03
Almost 890 Mln XRP Moved by Ripple to Anonymous Wallet That May Be Another Escrow
Cover image via
Read U.TODAY on
Google News

889.5 mln – this is the amount of XRP wired by Ripple in six separate transactions over the past eight hours, as reported by Whale Alert.

This is the second time Ripple has unleashed such a massive amount of its XRP coin. Previously, as ‘tradition’ has it, on June 1, the blockchain giant took one billion XRP from its escrow before putting 800 mln back.

Ripple moves 800 mln XRP, extra Ripple escrow suspected

800 mln XRP was sent from Ripple’s OTC distribution wallet to four different anonymous addresses. This gargantuan sum in crypto totals slightly over $162.32 mln.

In the comment thread, some users tweeted that this could be some crypto whale accumulating the fourth biggest currency by market cap.

Image via @whale_alert

The analytic site Bithomp shows that all the four addresses were activated by a RL18-VN user.

Image via

Curiously, two years ago, user David Kaye wrote a blog post on eToro sharing data that Ripple had activated forty escrow wallets using the RL18-VN nickname.

Ripple moved 400 mln XRP to two of those wallets, splitting them in transactions bearing 200 mln each.

The author of the blog post assumes that Ripple might be locking up this crypto for use at a later date.

XRP eToro
Image via

Veteran Trader Peter Brandt: 'XRP Is Manipulated Scam'

89.5 mln XRP sent prior to that

Before transferring the 800 mln XRP, Ripple wired 89.5 mln XRP ($18,207,566) to wallets with unregistered owners.

The Bithomb website shows that 49 mln XRP went to the institutional custodial service BitGo and 40 mln XRP  was again sent to a wallet set up by the aforementioned RL18-VN user.

Image via @whale_alert

Latest Press Releases

Sui Recognized as 2024 Blockchain Solution of the Year at AIBC Eurasia Awards
ElmonX Unveils ‘The Scream’ NFTs by Edvard Munch For The First Time Ever
World's First Bitcoin Layer 2 Conference to Unite East & West in Hong Kong, April 2024
Is Bitcoin Mining Legal? Regions in the World Where Mining Is Legally Permissible
Zircuit, New ZK-Rollup Focused on Security, Launches Staking Program
AI Analysis Launches The AIA Mastercard – The Future of Crypto-Fiat Transactions
VAP Group hosts the majestic Global Blockchain Show 2024 in Dubai
Digital Transformation Week Is Returning to Santa Clara This Summer
Arab Financial Services (AFS) Enter Strategic Alliance with Xpence to Innovate SME Financial Management in Bahrain
Breaking Records: UXLINK Attracts 978,000 New Web3 Wallet Registration with $78,000,000 Deposit asset from February 01 to February 22, 2024
What To Expect from The Bitcoin Halving in April 2024
Testnet Launch for dWallet Network - Composable Modular Signature Network
ETH Denver Top Builders Base by Supermoon, Cointelegraph, NDC, Horizen, & Conflux
Citrea, Bitcoin’s First ZK Rollup, Announces $2.7M Seed Funding
Chromia’s Flagship Game ‘My Neighbor Alice’ Unveils 2024 Roadmap
First-Ever ICO on Bitcoin Blockchain: $3.1M Raised in Under 6 Days
CoinList to Host the MASA Token Public Sale as it Unleashes the World’s Personal Data Network
Sui Reveals Initial Wave of Speakers, Famed Venue for First Annual Basecamp Event
Vitalik Buterin Comes to Taiwan as Keynote Speaker at ETHTaipei 2024
Elevating Europe’s Crypto Hub: Next Block Expo Returns to Poland
Our social media
There's a lot to see there, too

Popular articles