Altcoins News

1.1 Billion XRP Transaction Gets Moved to Ripple OTC Distribution Wallet

According to the report which has been revealed, the Ripple ledger transactions has come up with a new most significant transaction. As per the twitter post, $392781994 have been transferred on the 1st of January 2019; the funds were transferred from someone unknown wallet to the Ripple DTC Distribution wallet, the reports suggested.

With the help of blockchain explorer Bithomp, the transaction can be seen. And the transaction fee was just 0.005 XP which is equivalent to the $0.000176664. According to the report which has been revealed, the receiving account has around 4.516 billion of XRP there. This is more than 5% of all the supply of XRP.

If we see at the statistics that there are around 40.80 billion XRP which is as of now among the user’s wallets, this wallet has XRP of more than 10% of the total XRP in the market.

There is an extensive discussion on the entire social media platform that why to person such type of transaction. Some of the people are believing that this transaction is just the transactions of funds via some other banking institutions or any large investors via OTC.

This is not just only the first time we have got to see this type of news, last year, there is also a report which was revealed by the BitcoinExchange, that there was a transaction of 150 Million XRP at just the transaction fees of 0.005XRP.

Just a few days back, a Twitter user CKJ also revealed that the XRP community has also donated around 40000 XRP for the Children foundation trust.

This reveals that the community among the cryptocurrency is nowadays always helping the foundations which are as of now not necessarily involved with the help of virtual currencies.

Share
Published by

Recent Posts

BC.GAME Announces UFC Welterweight Champion Colby Covington as New Brand Ambassador

UFC Welterweight Champion Colby Covington officially joins BC.GAME as a brand ambassador. Covington's first collaborative…

2 weeks ago

Tomarket App – A Guide to $TOMATO Airdrop, Farming and Web 3.0 Drop Event

Tomarket, Telegram's mini-app hits 20+ million all-time users and 8.8+ million daily active users. Tomarket…

4 months ago

Binance Lists Decentralized and Open L1 Blockchain Toncoin (TON) on its Platform

Cryptocurrency exchange Binance, today announces the listing of Toncoin on its platform. Toncoin is a…

5 months ago

iGaming Platform BC.GAME Signs $40 Million Deal to Become Principal Partner of Leicester City

The iGaming platform BC.GAME has signed a landmark $40 million deal to become the "Official…

6 months ago

Coinbase faces new lawsuit that claims SOL, MATIC, NEAR, MANA, ALGO, UNI, XTZ and XLM are securities

Coinbase crypto exchange and its CEO, Brian Armstrong, faces a new lawsuit that claims Solana,…

8 months ago

Service Beyond Gaming: The Support Experience at HugeWin

In the world of online gambling, the quality of customer service can make or break…

8 months ago

This website uses cookies.