In a stunning display of crypto-currency power, anonymous whales have moved more than hundreds of million XRP coins in the past three days alone. This massive transfer of funds occurred as XRP, and other digital assets have seen a surge in investor interest this year.
Two significant transfers stand out, involving the movement of 254,594,795 and 221,500,000 XRP in separate transactions valued at $107,778,830 and $89,110,472, respectively, on January 22nd.
On January 23rd, Whale Alert reported that 35,000,000 XRP, worth a staggering 14,973,042 USD, were transferred from an unknown wallet to Bitstamp. Just a few hours later, 30,200,000 of the token, valued at 12,867,050 USD, were moved from Bitso to another unknown wallet.
According to the latest data, this pattern of large transfers continued throughout the next several days, with another 30,000,000 XRP, worth 12,192,899 USD, being transferred from Bitso to an unknown wallet. Similarly, 33,000,000 of the token, valued at 13,274,704 USD, were moved from an anonymous wallet to Bitstamp.
Despite Ripple’s ongoing legal battle with SEC, these enormous transfers highlight the growing influence of anonymous, large-scale investors in the crypto-currency.
However, as more people turn to digital assets as a viable investment option, it’s clear that these “whales” actions will significantly impact the overall market.
It remains to be seen whether these massive transfers are a sign of a bullish market or a potential red flag for investors. Regardless, the crypto-currency community is closely watching as these anonymous players make their presence felt in the ever-evolving world of digital assets.
XRP Ledger Amendment Goes Live
An exciting development is set to take place on the XRP Ledger, as a new amendment, known as the “CheckCashMakesTrustLine,” went live a few days ago.
This amendment, which received a majority of 27 out of 34 votes, will adjust the existing “checks” feature of its Ledger, which has been in use for the past two years.
The amendment will modify the “CheckCash” transaction to automatically establish a trust line for the issued token when a check is cashed. This eliminates the extra step of setting up a trust line before receiving tokens through a check, making the process more seamless and efficient for users.
It’s worth noting that this amendment will be activated on the XRP Ledger automatically, without the explicit approval of Ripple, as is typical for the XRP Ledger.
Overall, this amendment is a welcome change for users of the XRP Ledger, and it’s expected to make the process of using checks more efficient and user-friendly.
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