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Ripple Wires 160.3 Mln XRP, 30 Mln Goes to Anonymous Address

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Tue, 06/16/2020 - 11:05
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Yuri Molchan
Recent analytical data shows that Ripple wired a little over 160 mln XRP in the last thirteen hours, while its ODL partner Bitstamp wired half of that amount
Ripple Wires 160.3 Mln XRP, 30 Mln Goes to Anonymous Address
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The XRPL Monitor account has reported that over the past thirteen hours, the blockchain heavyweight Ripple has made three consecutive transactions of 30 mln, 100 mln and 30.3 mln XRP.

One of the 30-mln XRP transfers went off to an anonymous XRP address.

Ripple transfers 160.3 mln XRP

The DLT bot on Twitter has shared data on the transactions performed by Ripple bearing 160.3 mln XRP overall. This equals $30,704,672 in fiat.

xrp
Image via @XRPL_Monitor

One of its transactions – for 30-mln XRP – brought up questions from XRP enthusiast Alex Beadi, who addressed the top executives of the DLT behemoth, Brad Garlinghouse and David Schwartz – asking them to explain the 60 mln XRP sales at Bitstamp allegedly made by Ripple.

The user accused Ripple management of supporting XRP inflation by selling more of the company’s coins.

Related
Ripple CTO Explains Why They Chose to Go with Fiat-to-Fiat Transactions Before Transitioning to ODL

Ripple’s partner Bitstamp and Ripple-related wallet wire 90 mln XRP

The XRPL Monitor revealed other participants of recent transactions related to Ripple – it’s ODL partner, the European-based Bitstamp exchange, and the Ripple-related wallet RL18-VN which is believed to be one of Ripple’s escrow wallets.

Together they moved 90 mln XRP ($17,253,640). At least 10 mln XRP was sent from the aforementioned address to Bitstamp.

XRP
Image via @XRPL_Monitor
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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.