Latest finding on August 16 (today) unveils that 10,000,000 XRP has been transferred from unknown wallet to another wallet, dubbed FundingWallet 1.
Huge Amount of Ripple (XRP) Tokens Moved From Unknown Wallet
A whale alert found that the transaction of 10,000,000 XRP, equivalent to 2,666,892 USD, has been transferred successfully and also validated in the ledger. According to the sources, the transaction occurred in 12 drops at Thu, 15 Aug 2019 20:44:50 UTC between following wallet address with transaction fees at 0.000012 XRP.
rLt5hnUwhTPfCNBmJFLb5jFNiKpUkyKi1h
rU1bPM4q2rVhC73F7znm7Lt5QnYzZsV35q
Though this is not the first time, the value of XRP is declining considerably lower. At the press time, Ripple’s XRP is plummeting to 0.26 against the US Dollar with the dipping mark of 0.63 percent within the past 24 hours.
Moreover, not too long ago, on August 07, Whale Alert found that there has been a transfer of 100,000,000 XRP from unknown wallet to another anonymous wallet. Many times, Ripple comes into community criticism of dumping billions of its native token in past years to eventual increase its profit, which on contrast led XRP holders to incur a huge loss.
These repetitive whale transfer of Ripple XRP comes in the wake of Ripple’s partnership with MoneyGram and UK’s regulatory clarity on XRP, not a security token. As reported, MoneyGram confirmed its use of XRP and XPring via its Quarter 2 financial report.
So far in 2019, XRP hasn’t come as a best-performing asset in terms of its daily trading volume. While it saw a brief surge when the leading cryptocurrency Bitcoin was pushing way forward during June, and early July whereas it is swipe down from 0.40 mark to 0.26 against USD.
Subsequently, Swell by Ripple conference is on its way to debut this year’s conference. Just like every year, Ripple is hosting its yearly conference during November in Singapore. It’s worth mentioning that the Swell conference brings XRP into notice which often speculates as the reason to push the value of XRP during the weeks of the event.
Disclaimer: The presented information is subjected to market condition and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (TronWeekly.com) holds any responsibility for your financial loss.
Never miss our daily cryptocurrency news, price analysis, tips, and stories. Join us on Telegram | Twitter or subscribe to our weekly Newsletter.