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

Coinbase to List Pyth Network (PYTH) on Solana: Trading Begins February 20, 2025

Coinbase has announced its plans to add support for Pyth Network (PYTH) on the Solana…

4 days ago

Canary Capital Launches Canary AXL Trust, Expanding Institutional Access to Blockchain Connectivity

Canary Capital, a leading digital asset-focused investment firm, has announced the launch of the Canary…

4 days ago

Argentina’s President Milei Faces Backlash Over $LIBRA Token Crash

In a recent and rapidly unfolding controversy, Argentine President Javier Milei has come under intense…

7 days ago

FTX to Begin Creditor Repayments in February 2025

After more than two years of legal proceedings following its dramatic collapse, cryptocurrency exchange FTX…

3 weeks ago

India Imposes Tax Penalties of Up to 70% on Undisclosed Crypto Gains

The Indian government has introduced stringent tax regulations targeting undisclosed cryptocurrency gains, imposing penalties of…

3 weeks ago

El Salvador: The Rise and Fall of Bitcoin as Legal Tender

El Salvador made history in September 2021 by becoming the first country in the world…

3 weeks ago

This website uses cookies.