1 billion XRP symbols have been transferred to Ripple

According to the data provided by Whale Alert, a service that enables it to track abnormally large cryptocurrency transfers, a billion XRP symbols have total total recently. sender To ripple from unknown wallets.

The service has reported four separate transactions of 430 million, 300 million, 200 million and 70 million symbols.

Transport operations have been used by some XRP critics to highlight the distinctive symbol links with Ripple Labs.

“As of the year 2020, according to SEC complaint, Chris Larsen and Brad Garlinghyus have made $ 600 million to dumping on retail. The number may be higher now. OTC options trading in Kraken, He said.

However, the recent transfers are probably linked to the abolition of the XRP monthly guarantee insurance since the total amount is a billion symbols. This appears to be completely compatible with the company’s monthly release schedule.

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However, some users were confused about the fact that this portfolio was classified as unknown given that the Ripple Warranty Governor is actually known. This may be due to the failure of whale alerts in properly identifying the distinctive symbols. Instead, Ripple can use other internal portfolios.

As U.Today reported, Blockchain has released the San Francisco -based institutions recently a report on the fourth quarter market, which revealed that the company continues to carry about 38 billion symbols in its wallets from the guarantee.

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Moreover, Ripple owns approximately 4.5 billion symbols available in its governor.

Last month, CEO Garlinghyus I mentioned The company has more than $ 100 billion of XRP symbols. This, according to Ripple President, indicates that the company’s evaluation is much higher than the number of $ 11 billion in Reuters last year.