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Ripple Moves 1 Billion XRP Worth $302 Million in Huge Crypto Transfer, Along With a Mysterious Message

by Daily Hodl Staff
February 4, 2019
in Altcoins

Ripple just unlocked a staggering amount of XRP from one of its escrow wallets, sending the funds to a separate, unknown wallet. The transfer of $1 billion XRP is worth about $302 million. The transaction cost less than one penny in fees and completed in a matter of seconds.

Ripple holds about 60% of the total supply of XRP, with most of it locked in escrow. The company regularly sells portions of its stash to institutions, crypto exchanges and other interested parties.

The transaction is similar to others that the San Francisco startup has made in the past. But in a unique twist, crypto whale watchers noticed the data from this particular transfer includes a memo with a mysterious message that says “Crawl… Walk… Run… ;)”.

Ripple sold a record-breaking amount of XRP last year, reaching a total of $535 million. You can check out the company’s fourth quarter report detailing all of its XRP sales here.

The Crypto Beat

SEC to Surveil Crypto Transactions on Leading Ledgers – Are Bitcoin, XRP and Ethereum Fair Game?

Confirmed: 27 Companies Adopting XRP, With 13 Integrating Ripple’s xRapid

Litecoin Creator Calls Bitcoin Bull Run, Tron and BTT Rally, and Ripple and XRP Debate Heats Up

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
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