100 Mln XRP Transfer Made to Unknown Wallet with Same Amount Sent Away From It Later, Keeping 145 Mln XRP on Balance

Libra Coin News
Tue, 09/10/2019 - 09:24
Yuri Molchan
Whale Alert has noticed a staggering amount of XRP sent to an unknown wallet; it was later on sent away but balance of 145 mln XRP still remains
Cover image via www.123rf.com

A short while ago, the Whale Alert account on Twitter notified users that two wallets sent 40 mln and 60 mln XRP to another crypto wallet. All the three owners of the wallets are marked as unknown.

Later on, the crypto vault that received these two gargantuan transfers sent away 100 mln XRP - that is $25,945,725 - to another unknown wallet.

However, there is still 145 mln XRP on its balance.

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Community’s reaction

The community in the comment threads are as usual accusing Ripple of dumping XRP, saying that there has been to many XRP printed.

Others mention the recent Ripple’s XRP transfer to its former top employee Jed McCaleb, now a Stellar co-founder, wondering if now McCaleb has an unknown wallet.

Overall, the commentators remain negative about the future of the XRP price with such a huge amount of XRP circulating in the market.

About the author

Yuri is a 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. ‘Hodls’ cryptocurrencies. Has written for several crypto media. Currently is a news writer at U.Today.