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XRP whales rise from dormancy as hundreds of millions moved between wallets

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XRP whales rise from dormancy to transfer 1 billion native coins
Source: Unsplash

With Bitcoin maintaining its position above the $10,000 mark, the crypto-market saw a host of significant whale movements between wallets. In spite of the larger market’s sideways movement, Ripple and its token, XRP, have benefited from the king coin’s surge.Whale Alert,  one of the web’s major cryptocurrency transaction trackers, shared news of a significant transfer on Twitter. The tweet read,

“500,000,000 #XRP [131,218,427 USD] locked in escrow at Ripple”

500 million XRP were locked in escrow, and had a time stamp of 04:50:42 UTC on 3 September 2019. The hash recorded for the escrow was 0ECCB576AEE1B58F25AE7148B985CD3EE472F2E889DE657B335D474DD9EF84E3. These XRP were locked in escrow with a transaction fee of 0.0005 XRP and a block height of #49777228. The transfer was carried out from Ripple’s wallet address rsjFB8mPWqiZgPUaVh8XYqdfa59PE2d5LG, successfully over Ripple blockchain in 500 drops. Just a couple of minutes before this, Whale Alert notified the crypto-community about,

“200,000,000 #XRP [51,974,090 USD] transferred from Ripple Escrow wallet to Ripple”

XRP were transferred between Ripple’s escrow wallet address rDdXiA3M4mYTQ4cFpWkVXfc2UaAXCFWeCK and Ripple’s wallet address rBg2FuZT91C52Nny68houguJ4vt5x1o91m. The time stamp recorded for this transfer was 04:48:21 UTC, 3 September 2019 and hash for the transfer was C7890ED7140BAB1D4B7F86D93AEAC6B83C490FFFA6B1EC65A5D22B63928CDAC7. Transaction was done over Ripple blockchain with a transaction fee of 0.0005 XRP. Also, the transfer was done in 500 drops as the block height recorded for the transfer was #49777191. Previously, Whale Alert had informed the community,

“300,000,000 #XRP [78,078,428 USD] transferred from Ripple Escrow wallet to Ripple”

The transfer happened over Ripple blockchain with a transaction fee of 0.0005 XRP. This transfer was deemed successful in 500 drops, having a timestamp of 04:46:50 UTC, 3 September 2019. The block height was #49777167 as XRP were transferred between Ripple’s escrow wallet address rDdXiA3M4mYTQ4cFpWkVXfc2UaAXCFWeCK and Ripple’s wallet address rp6aTJmW3nq1aKt3Jmuz4DPRxksT5PBjpH. Highlighting yet another transfer, Whale Alert tweeted,

500,000,000 #XRP [130,130,714 USD] transferred from Ripple Escrow wallet to Ripple

The transfer was initiated over Ripple’s blockchain with a timestamp of 04:45:10 UTC, 3 September 2019. Also, a transaction fee of 0.0005 XRP  was charged as the transaction was deemed successful in 500 drops. The block height for the transaction was #49777141 as XRP were transferred between Ripple’s escrow wallet address rDdXiA3M4mYTQ4cFpWkVXfc2UaAXCFWeCK and Ripple’s wallet address rsjFB8mPWqiZgPUaVh8XYqdfa59PE2d5LG. Hash for the transfer was 9479E74779378110E2E38A9C92690B2E6654C8A83CD94E284C6FED2A90898B90.

It would thus seem that XRP whales have become wildly active after a long period of dormancy.

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Biraajmaan is a full-time journalist at AMBCrypto covering the US market. A graduate in Automobile engineering, he writes mainly about regulations and its impact with a focus on technological advancements in the crypto space.