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XRP whales continue to remain active as 500,000,000 XRP moved between wallets

Chayanika Deka

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XRP whales move more than 500,000,000 XRP
Source: Pixabay

Ripple’s native coin has been making headlines since MoneyGram confirmed the use of Ripple and XRP, with the latest development being the huge amount of coins being transferred between wallets. Further, in line with the coin’s 1.17% jump over 24 hours, XRP transactions between users continued to surge. XRP was priced at $0.25 and had a market cap of $10.99 billion, at press time. With Bitcoin [BTC] tumbling below the $10,000 mark, altcoins continued their sideways movement.

With a spike in XRP’s price, XRP whales continued to remain active. Whale Alert, one of the major cryptocurrency transaction trackers, shared this information over Twitter,

“522,552,373 #XRP [132,446,488 USD] transferred from Ripple to unknown wallet”

The transaction was carried out over Ripple blockchain in 500 drops. XRP was transferred between Ripple’s wallet address rNuF65SoNFRgi7KomddPeSpLhdB2Y7RnsN and wallet address rUS56vqwnwaAKLByqS2Nut3FhH2EeckhkQ. Time stamp for the transaction was 00:42:12 UTC, 30 August 2019 as the hash for Ripple’s native coin was 4747DC17130EA2D95FC03CEAC1FC2843F55058EFB643EF7EE4C80C797DD7F81D. For carrying out the transaction successfully, 0.0005 XRP was charged as transaction fee. Further, the block height for the transaction was #49684194.  

XRP has been a popular cryptocurrency for whale transfers over the course of past few days. However, Ripple’s native coin is unable to record any significant boost in its price since the beginning of 2019.

Chayanika is a full-time cryptocurrency journalist at AMBCrypto. A graduate in Political Science and Journalism, her writing is centered around regulation and policy-making regarding the cryptocurrency sector.

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