Fintech behemoth Ripple shoveled astounding chunk of XRP to major exchange
The destination of this transfer initiated by an unknown blockchain address was the Bitstamp exchange. Still, data on that transaction provided by an additional source helped to reveal the true identity of the sender.
Per a tweet published by Whale Alert, a total of 30,700,000 XRP evaluated at $15,315,061 in fiat was transferred to a Bitstamp wallet. Bithomp, a platform focused on XRP data, shows that the transaction was initiated by a wallet associated with Ripple Labs. The company sent this impressive XRP chunk to the exchange, while XRP has been in the red over the last week and has dropped close toRipple Attracting Institutional Investors in Dubai: Sologenic Report
Still, there is another opportunity: Bitstamp is one of Ripple's ODL platforms. ODL stands for On-Demand Liquidity, a RippleNet-based service of funds transfer, which utilizes XRP. Recently, however, Ripple has rebranded it into simply"Ripple Payments." Thus, by sending 30.7 million XRP to Bitstamp, Ripple could simply provide another lump of XRP necessary for ODL transfers to be made via Bitstamp in Europe.
His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.Mysterious Shiba Inu Whale Buys Billions of SHIB as Token Price Takes Dip
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