#XRP Whale Movement: USD 2.3 mn Worth of #Ripple's XRP Change Wallets

August 31, 2018

 

13% of the total amount of Ripple in circulation moved in a few transactions

 

Whale movement is seen in XRP making many believe that the founders of the cryptocurrency are preparing for something big. Over past few days, there has been a lot of large movement of cryptocurrencies from one wallet to another signifying movement around founders and whale pools. Usually, such moves are in and around Ethereum and other ERC tokens, but in one of the rare event large movement was seen in XRP. Last evening was one seminal event in the history of XRP. 2 transactions under 10 minutes moved 6.7 billion XRP tokens amounting close to USD 2.1 billion as reported by Twitter Bot @XRPLMonitor. First, it was 2.1 bn XRP and the second was even bigger the move was around 4.6 billion XRP. Within minutes of the bot posting, XRP supporters started to take notice, especially of the unusually large second transaction. Also taking time to note that the whole transfer of an eye-watering amount of cash was peer-to-peer and cost less than a cent. A big point was made by Ripple with these transactions, about how cheaply money can be transferred using Ripple’s blockchain technology.

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Ripple’s (XRP) is down 4.9% over the past 24 hours and is currently trading at $0.325951 USD

XRP had a 24 hour low of $0.325177 and a high of $0.347839

XRP is the 3rd largest cryptocurrency by market cap size

XRP currently has a marketcap of $12,923,963,837 USD

Its 24 hr trading volume is approximately $253,947,976 USD

It has a circulating suppy of 39,315,683,476 XRP

 

About Ripple's (XRP): Built for enterprise use, XRP offers banks and payment providers a reliable, on-demand option to source liquidity for cross-border payments. Using XRP, banks can source liquidity on demand in real time without having to pre-fund nostro accounts. Payment Providers use XRP to expand reach into new markets, lower foreign exchange costs and provide faster payment settlement. XRP consistently handles 1,500 transactions per second, 24x7, and can scale to handle the same throughput as Visa. XRP's five-year track record of stable technology and governance makes it ready for institutional and enterprise use.

 

Ripple's (XRP) can be bought with fiat dollars, debit and credit cards on cryptocurrency exchanges such as CEX.io and Changelly.com and it can be bought with cryptocurrency on exchanges such as CoinExBinance, and HitBTC

 

Click here to open an account at CEX.io and to buy XRP with your credit or debit card

 

#Ripple #XRP #CEX.io 

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