A significant transfer of 100 million XRP, worth about $53.48 million, was noted on the blockchain. This transaction has attracted notice because of the anonymity of the associated addresses and its timing during a period of market instability.
Although the identity of the sender and receiver are unknown, there is conjecture that they are tied to Ripple, a San Francisco-based blockchain payments startup. The investigation reveals that this is only the second transaction for the receiving address, and both came from the same sender. The earliest links to Ripple from a minor receipt of 12 XRP indicate a plausible, if unconfirmed, tie.
In a meeting, David Schwartz confirmed that Ripple’s CTO is committed to the company’s transparency principle. They make financial disclosures every quarter, which are reflected in public documents.
Apart from this transaction, Ripple has been actively managing significant quantities of XRP, including a 100 million transfer earlier this month. The cryptocurrency community pays close attention to these changes because of their potential impact on the market and investor mood.
