Ripple Crypto Giant Transacts 209.5 Mln XRP in Juicy Lumps, Half of It Released From Escrow

News
Fri, 05/29/2020 - 08:37
article image
Yuri Molchan
Ripple has transacted almost 210 mln XRP in parts with 100 mln being the largest. Combined with funds moved by the biggest ODL platform, the amount is even bigger
Ripple Crypto Giant Transacts 209.5 Mln XRP in Juicy Lumps, Half of It Released From Escrow
Cover image via stock.adobe.com
Contents

Over the past seventeen hours, XRPL Monitor noticed a jaw-dropping amount of XRP sent by the blockchain decacorn Ripple, the owner of the XRP Ledger and the XRP coin.

The biggest transaction among the aforementioned lumps carried 100 mln XRP.

The Whale Alert bot says that this money was sent from Ripple Escrow.

Ripple moves 100 from its escrow wallet, fake Adam Back emerges

The data shared by Whale Alert says that the 100 mln XRP was sent from Ripple’s escrow wallet to an active wallet of the company.

A fake account impersonating the Blockstream CEO Adam Back has made a joking commented that he did not mine this 100 mln XRP back in 2009 - $19,796,355.

He is referring to the recent story of an early BTC wallet sending 50 BTC to a crypto exchange. Since many in the community believed this was Satoshi Nakamoto, the BTC price dropped from the $9,800 zone to the $9,300 area.

This person, who created a fake Adam Back account, said this in the comments because part of the crypto community believes the Blockstream CEO to be the real Bitcoin creator Satoshi.

Adam Back fake
Image via Twitter, @whale_alert

The total amount of XRP wired by Ripple in the past seventeen hours equals 209.5 mln XRP. That is $41,973,728.

Related Ripple Offers New Tech Solution to Speed Up Corporate Payments and ODL
Related
Ripple Offers New Tech Solution to Speed Up Corporate Payments and ODL

Largest ODL corridor sends 20 mln XRP

Ripple’s biggest ODL corridor, the Mexico-based Bitso, has also moved some cash in crypto. XRPL Monitor has reported that this crypto exchange has transferred two lumps of 10 mln XRP each.

XRP Bitso
Image via Twitter, @XRPL_Monitor

Previously, U.Today wrote that the EUR ODL corridor Bitstamp sent nearly 150 mln XRP in two portions

article image
About the author

Yuri is a crypto journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. ‘Hodls’ major cryptocurrencies and has written for multiple crypto media outlets. 

His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.

Currently Yuri is a news writer at U.Today and can be contacted at yuri.molchan@u.today.