Ripple Makes Massive Transfers as $XRP Celebrates 13th Birthday
Ripple makes massive transfers as XRP celebrates 13th birthdayAccording to data provided by Whale Alert blockchain tracker, on Sunday, June 1, 330 million XRP tokens were transferred from an unknown wallet to Ripple. The transfer followed by 670 million XRP locked in escrow, which typically happens on the first day of the month. These are the tokens from Ripple’s own XRP holdings, and the automatic release of one billion tokens is expected later this week. Additionally, Ripple transferred 130 million XRP to unknown wallets in three separate transactions. These movements coincided with XRP’s 13th anniversary; on June 2, 2012, Ripple cofounder Arthur Britto submitted lines of code that created 100 billion XRP tokens. Currently, XRP is the fourth-largest cryptocurrency, with a $131 billion market cap. Following Ripple’s victory over the SEC, XRP saw a significant surge in the fourth quarter, solidifying its position among the top 10 cryptocurrencies.
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