Home / Ripple / XRP valued at $ 90 million transferred between two unknown portfolios; communities in turmoil

XRP valued at $ 90 million transferred between two unknown portfolios; communities in turmoil

The cryptocurrency market has undergone rapid changes in price sentiment, with several currencies witnessing a decline in value after a week. Although the owners and investors are preparing for 2019, some events in the cryptographic sphere have generated a bit of buzz in the XRP community.

On December 27, the XRP community received news that nearly 90 million XRP tokens were moved from an unknown portfolio to another portfolio whose destination is still unknown. The movement was notified by Whale Alert, a Twitter handle that stated:

"90,000,000 #XRP (33,493,911 USD) transferred from the unknown Portfolio to the unknown Portfolio
Tx: https://bithomp.com/explorer/432596B0BBA3ED425 "

Post the ad, John, another Twitter user said:

"Someone bought an island with $ xrp lol"

This is not the first time that huge amounts of XRP have been transferred, and recent reports claiming that $ 11 million of XRPs have also been transferred to a severe test. These two cryptocurrency movements were important due to the lack of clarity on the sender's address and address of the recipient. December also saw many other transfers in the cryptographic space, which was evidenced by 51 million XRP transferred to a Bitstamp address.

Coinbase, the largest cryptocurrency exchange on the planet in terms of users, was also in the news recently when the company led by Brian Armstrong transferred about $ 5 billion of cryptocurrencies to the platform. Coinbase had said:

"Last week we successfully completed a $ 5 billion on blockchain migration (assessed the week ended December 7, 2018) of cryptocurrency from the third to fourth generation of our cold storage infrastructure. To our knowledge, this is the most great movement of cryptocurrency (certainly in terms of USD, potentially in absolute terms) never undertaken ".

The company had stated that the main goal was cold storage or the conservation of offline resources. In their words:

"Last week we successfully completed a $ 5 billion on blockchain migration (assessed the week ended December 7, 2018) of cryptocurrency from the third to fourth generation of our cold storage infrastructure. To our knowledge, this is the most great movement of cryptocurrency (certainly in terms of USD, potentially in absolute terms) never undertaken ".


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