Billions Worth of XRP Transferred in Seconds, Fees Less Than a Penny – Is Ripple the Big Fish?
A pair of truly massive XRP transfers just hit the ledger – each costing less than a penny without the need for an intermediary.
The first transaction of 2.1 billion XRP was worth about $740 million.
Transaction Type: Payment
Amount: 2,139,999,979 XRP
Fee: 12 drops (0.000012 XRP)
Sender: rHYTJDFrbCU1i2yCENTg9yjUrHHGaYTB4D
Sender Balance: 20.998428
Receiver: r93oSNBKuFjuKt8GxhF8VYaGzzwsNDPaX5
Receiver Balance: 2,140,000,078.993
Link: https://t.co/Fg6kbZ9nNS— XRPL Monitor (@XRPL_Monitor) August 28, 2018
The second transfer of 4.6 billion XRP, worth about $1.6 billion, was reported minutes later.
Transaction Type: Payment
Amount: 4,668,132,964 XRP
Fee: 12 drops (0.000012 XRP)
Sender: r9kkWNia8PmpR44L7mWZn33Hpff3CCzLjA
Sender Balance: 20.980988
Receiver: rDbWJ9C7uExThZYAwV8m6LsZ5YSX3sa6US
Receiver Balance: 4,668,133,063.993
Link: https://t.co/KenPZEeBZl— XRPL Monitor (@XRPL_Monitor) August 28, 2018
The huge transfers, representing roughly 6.7% of the total XRP supply, triggered speculation on social media about who is moving the massive amount of crypto, and for what reason.
Fazzyfocus
Thoughts as to who/what/why? Pure speculative of course but speculation can be fun on occasion.Zerpdigger
sounds like chris larsen’s stashAlibabaGrp
Where was this moved from? From Escrow? No one has this much XRP except founders or escrow. And if 6 billion was moved from Escrow just like that, then what’s the purpose of Escrow and that 1 bil monthly limit?Zedy44
For the first transaction I believe the source r9kkWNia8PmpR44L7mWZn33Hpff3CCzLjA isChris Larsenedit: confirmed to be Jed below by @riptidel. No idea about the destination rDbWJ9C7uExThZYAwV8m6LsZ5YSX3sa6US.The second transaction again the source rHYTJDFrbCU1i2yCENTg9yjUrHHGaYTB4D is likely a founder as it has been mentioned before years ago as part of the block of addresses in control of either the founders or Ripple. Probably it’s Chris again? No idea about the destination r93oSNBKuFjuKt8GxhF8VYaGzzwsNDPaX5. Both destination addresses sat pretty much unused since they were activated on Dec 1st 2017.
ImTheRippler
If thats Jed he just moved basically his whole bag. Wonder whats going on, did they buy him out?
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Comments 3
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CRYPTO CRUSADER
Sep 6, 2018Who ever thinks that the two huge XRP transfers have come from the escrow is an idiot, DYOR.
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Joel
Aug 29, 2018This is the test phase of how such amounts can be transferred in moments. Nice..
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QuadQ
Aug 29, 2018Did they send just a little, like 10 XRP you know, just to check they got the right address before sending the 2.1 Billion??🤣
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Comments 3
CRYPTO CRUSADER
Sep 6, 2018Who ever thinks that the two huge XRP transfers have come from the escrow is an idiot, DYOR.
Joel
Aug 29, 2018This is the test phase of how such amounts can be transferred in moments. Nice..
QuadQ
Aug 29, 2018Did they send just a little, like 10 XRP you know, just to check they got the right address before sending the 2.1 Billion??🤣