Permalink to Billions Worth of XRP Transferred in Seconds, Fees Less Than a Penny – Is Ripple the Big Fish?

A pair of truly massive XRP transfers just hit the ledger – each costing less than a penny without the need for an intermediary.

The first transaction of 2.1 billion XRP was worth about $740 million.

Transaction Type: PaymentAmount: 2,139,999,979 XRPFee: 12 drops (0.000012 XRP)Sender: rHYTJDFrbCU1i2yCENTg9yjUrHHGaYTB4DSender Balance: 20.998428Receiver: r93oSNBKuFjuKt8GxhF8VYaGzzwsNDPaX5Receiver Balance: 2,140,000,078.993Link: https://t.co/Fg6kbZ9nNS — XRPL Monitor (@XRPL_Monitor) August 28, 2018

The second transfer of 4.6 billion XRP, worth about $1.6 billion, was reported minutes later.

Transaction Type: PaymentAmount: 4,668,132,964 XRPFee: 12 drops (0.000012 XRP)Sender: r9kkWNia8PmpR44L7mWZn33Hpff3CCzLjASender Balance: 20.980988Receiver: rDbWJ9C7uExThZYAwV8m6LsZ5YSX3sa6USReceiver Balance: 4,668,133,063.993Link: https://t.co/KenPZEeBZl — XRPL Monitor (@XRPL_Monitor) August 28, 2018

The huge transfers, representing roughly 6.7% of the total XRP supply, triggered speculation on social media about who is moving the massive amount of crypto, and for what reason.

Fazzyfocus Thoughts as to who/what/why? Pure speculative of course but speculation can be fun on occasion.  Zerpdigger sounds like chris larsen’s stash  AlibabaGrp Where was this moved from? From Escrow? No one has this much XRP except founders or escrow. And if 6 billion was moved from Escrow just like that, then what’s the purpose of Escrow and that 1 bil monthly limit? Zedy44 For the first transaction I believe the source r9kkWNia8PmpR44L7mWZn33Hpff3CCzLjA is Chris Larsen edit: confirmed to be Jed below by @riptidel.  No idea about the destination rDbWJ9C7uExThZYAwV8m6LsZ5YSX3sa6US. The second transaction again the source rHYTJDFrbCU1i2yCENTg9yjUrHHGaYTB4D is likely a founder as it has been mentioned before years ago as part of the block of addresses in control of either the founders or Ripple.  Probably it’s Chris again?  No idea about the destination r93oSNBKuFjuKt8GxhF8VYaGzzwsNDPaX5.  Both destination addresses sat pretty much unused since they were activated on Dec 1st 2017. ImTheRipplerIf thats Jed he just moved basically his whole bag.  Wonder whats going on, did they buy him out?

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