• The Informer Post
  • Posts
  • Billions Worth of XRP Transferred in Seconds, Fees Less Than a Penny – Is Ripple the Big Fish?

Billions Worth of XRP Transferred in Seconds, Fees Less Than a Penny – Is Ripple the Big Fish?

August 29, 2018

A pair of truly massive XRP transfers just hit the ledger – each costing less than a penny without the need for an intermediary.

The first transaction of 2.1 billion XRP was worth about $740 million.

https://twitter.com/XRPL_Monitor/status/1034535426651029511

The second transfer of 4.6 billion XRP, worth about $1.6 billion, was reported minutes later.

https://twitter.com/XRPL_Monitor/status/1034536925447827459

The huge transfers, representing roughly 6.7% of the total XRP supply, triggered speculation on social media about who is moving the massive amount of crypto, and for what reason.

You can check out the thread here.

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.