Home / Ripple / Redditor found that 2.6 billion XRPs were transferred to unknown portfolios

Redditor found that 2.6 billion XRPs were transferred to unknown portfolios

An attentive Redditor has discovered huge amounts of transferred XRPs, and at least two of the transactions involve unknown portfolios.

u / ReactW0rld has posted a screenshot showing a series of transactions, starting from 200,000,000 XRP (about 70 million dollars). The last transaction concerns 999,999,959 XRP (about $ 348 million). According to the user, the first three transactions all go to the same address, which now has a total of 2.6 billion XRPs or, in other words, 2.6% of the total amount of existing tokens.

Most of the transactions come from known Ripple portfolios, so it is very likely that they will be counted to the company that moves their funds around. The largest transaction, however, has two unknown addresses, so it is likely that we will never really know who those portfolios belong to.

As another user has commented, Ripple Labs maintains 60% of the XRP supply, and issues one billion each month from the escrow deposit which is then sold OTC to the parties for the benefit of the network.

Some other users have commented on the nuance of someone who owns 2.6% of the XRP offering, while others are making suggestions about where it has been transferred.

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