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Ripple had a brilliant 2018 and as such entered a new move in the new year by transferring the huge amounts of XRP in just 4 seconds with a much lower cost. The news broke out for the first time with the tweet of Whale Alert, which often shared the transactions that take place on the encrypted market.
10 🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 1.108.302.304 #XRP (392.781.994 USD) transferred from the unknown portfolio to the Ripple OTC distribution portfolio
Tx: https://t.co/vkA6meY6sY
– Whale Alert (@whale_alert) January 1, 2019
Ripple owns 60% of the total XRP supply
Show that every transaction has been completed in less than 1 cent. Social media pointed out that millions of XRPs have been transferred to Ripple's escrow portfolios and OTC distribution portfolios. With this, highlights Ripple holds 60% of the total supply of XRP where most of its funds are locked in warranty. In particular, few transactions indicate that Ripple is moving XRP to its OTC trading portfolio, designed significantly for private investors.
It is important to note that the XRP has lost its third long standing position on the coin table today. Recently it was recovered from Ethereum which now trades at $ 149.17. Although XRP has slipped into third place, but continues to wave with the green flag of 2.71% for 24 hours.
Whale Watcher is an independent cryptographic resource that often signals the transfer of cryptographic funds from unknown portfolios to various known portfolios or vice versa. As a result, they reported that 90 million Ripple tokens were moved on 27 December 2018 from an unknown portfolio to another unknown portfolio.
.000 🚨 🚨 90,000,000 #XRP (33,493,911 USD) transferred from the unknown Portfolio to the Unknown Portfolio
Tx: https://t.co/lvhaafkjmH
– Whale Alert (@whale_alert) December 27, 2018
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