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Whale Watching: Ripple whales move more than 1 billion XRP tokens

the In the case of Ripple, there were some very large Token movements. Accordingly, the company is moving within the last day, a total of over a billion XRP to

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Whale Watching: Ripple whales move more than 1 billion XRP tokens
the In the case of Ripple, there were some very large Token movements. Accordingly, the company is moving within the last day, a total of over a billion XRP tokens. For a majority of tokens, there is No reason to panic.

By Phillip Horch
On 29. January 2019BTC$3.418,12 0.04%part Facebook Twitter LinkedIn xing mail

similar systems, such as the Ripple Ledger, The transparency of the Blockchain and the blockchain-has many advantages. Due to the fact that you can track transactions so easily, it is suitable for many Use Cases. Just in the area of Supply Chain, it is advantageous to be able to cash flows, so easy to understand. But also, in the meantime, the Trend has become "Whale Whatching" has its advantages. Whale Watching on the Ledger, it is, in fact, find out who's movement is behind a large Token – and whether it is dangerous transactions.

Ripple whales move large amount of XRP

So currently, in the case of Ripple. Because according to the Twitter Account "XRPL Monitor" moving, a Ripple-whale is a large amount of XRP tokens. Here were the night of the 29. January is moving over a billion XRP-Token with a value of about 365 million US dollars. All the transactions came from Ripple itself, as you can see from the Twitter-Posts:

Finally, there was another larger transaction to a different address:

Whom, however, the addresses rUEchj8k8jvVXKGhfVYvrs5ntVEtc5F2hk and rKUy1Ew9VrA8YNm5ArgKup2E6iAwE1iMyc? Possible assignments using the Bithomp Explorer. According to this, the first target address is enabled by Ripple itself. So it looks to internal transactions.

Read also: Bitcoin, Ethereum, and XRP – rate analysis KW45 – Now the Chance is here!

The second is a bit worrying: Again, the Whale-Watcher on Bithomp can find the Information that this address has been activated from Bitstamp. So it may be that around 130 million US dollars in XRP-Token, but to find the way to the market.

as unpleasant As that is not a reason for concern should arise. Because we know that Ripple self-sold again and again XRP tokens. The report of the company Messari made it public that the company had sold in the last quarter of about XRP in the value of 130 million US dollars. Although the current amount, the Ripple transferred is already higher. Since it is most likely regular movements, there won't be any talk of irregularities.

Whale Watching in the past,

In the Blockchain Ecosystem, you have to do it on a regular basis with the movements of large Token amounts. Thus, the reader may refer to the December of last year, remember. Here Unknown over 66,000 Bitcoin, which directly led to concern in the Ecosystem moving. The speculation quickly went in all directions, directly, there was talk of market manipulation. As, however, quickly turned out, had to do it only with maintenance work at Coinbase. For two of the transactions, the Situation looks similar and so it is once again: don't panic.