A deep-pocketed crypto investor is abruptly moving a massive trove of XRP worth nearly $150 million over the past weekend.
On Saturday, an unknown wallet sent 313,218,270 XRP worth more than $148 million to another unknown wallet, according to the blockchain-tracking platform Whale Alert.
Blockchain explorer Bithomp reports that the XRP Ledger (XRPL) fee for the transaction was only 20 XRP, worth about $9.
The sending wallet was activated on October 6th and acquired nearly 300 million XRP in a single transaction that day, according to Bithomp. The wallet now holds zero XRP.
Meanwhile, the receiving wallet was activated on the day of the transaction.
Other recent large XRP transactions include an unknown wallet sending the crypto exchange Bitstamp 30,000,000 XRP worth more than $14.25 million on Friday.
On the same day, Bitstamp sent 40,614,704 XRP worth more than $19.29 million to a wallet of unknown origin.
XRP is trading at $0.459 at time of writing. The sixth-ranked crypto asset by market cap is up 1.39% in the past 24 hours.
Just last week, a Ripple quarterly report revealed the San Francisco payments company for the first time now owns less than 50% of XRP’s total outstanding token supply.
Ripple has faced criticism for owning a large amount of XRP, with some critics arguing it gives the group too much control over the XRP Ledger, a decentralized public blockchain.
Don’t Miss a Beat – Subscribe to get crypto email alerts delivered directly to your inbox
Check Price Action
Follow us on Twitter, Facebook and Telegram
Surf The Daily Hodl Mix
 
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 loses 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.
Featured Image: Shutterstock/Jovanovic Dejan
The post XRP Whale Suddenly Moves Massive $148,102,802 Trove of Crypto appeared first on The Daily Hodl.
