Wednesday, October 5

XRP News

The Ripple’s Usual Monthly Unlock Of 1 Billion XRP Tokens Did Not Happen In October, Could It Be That The Total 55 Billion XRP Locked Has Been Unlocked?
XRP News

The Ripple’s Usual Monthly Unlock Of 1 Billion XRP Tokens Did Not Happen In October, Could It Be That The Total 55 Billion XRP Locked Has Been Unlocked?

It seems that Ripple has ended the scheduled unlock of the large volume of XRP tokens from the escrow wallet. In this premise, October stands for the period for change of operational pattern concerning the massive release of a billion XRP tokens. Unlock XRP Tokens From Escrow Wallet From every indication, Ripple which locked 55 billion XRP into a series of cryptographically-secured escrow accounts in 2017 may have ended the release of the massive volume of XRP. Recall that in 2012, three developers such as David Schwartz, Jed McCaleb, and Arthur Ritto, the co-founders of the XRP Ledger (XRPL) and XRP (previously called ripples) donated almost 80% of XRP’s total supply which summed to 80 billion XRP after the release of the permissionless, fast and decentralized XRPL. However, the...
The Number Of XRP Wallets Is Now Over Four Million
XRP News

The Number Of XRP Wallets Is Now Over Four Million

Per the data from the XRP validator Rich-List.Info, the number of XRP wallets has passed the 4 million level as it is currently calming at 4,311,415 (4.31M). The new development was recently released on the Rich-List.Info website, saying that the amount of XRP wallets now surpassed four million. Read Also: LUNC Community To Remove And Secure Stablecoin Market Terra Swap The number of XRP wallets has passed the 4 million level The Reason For Spike In XRP Wallets The sudden development was attributed to the fact that the case between Ripple and SEC is coming to a close. Recall that both parties recently filed their motions for summary judgment, with XRP holders expecting a victory for the blockchain company. There has been quite a number of support for Ripple blockchain ...
Flare Network Discloses That It Had Launched Its Validator Code, It Finally Confirms The Timelines For XRP Distribution For Its Holders
XRP News

Flare Network Discloses That It Had Launched Its Validator Code, It Finally Confirms The Timelines For XRP Distribution For Its Holders

In the recent tweet released today by the Flare Network, the network disclosed that it had launched its validator code in the course of revealing the tentative timeline for token distribution for XRP holders in its announcement. https://twitter.com/FlareNetworks/status/1575735265670430720 Flare Validator Code Is Now Live Per Flare Network; “The Flare Network validator code is now live and publicly available,” The network attests that the token dissemination timeline is slated to hold between 24th October and 6th November although, it is a function of the number of validators the network can attract. Read Also: LUNC Token Starts Gaining Relevance In The Sight Of Popular Crypto Trader, David Gokhshtein Per the post, “Provided sufficient validators have taken up their rol...
Over 395 Million XRP Was Transferred By Whales Between Exchanges Following The XRP Rallying
XRP News

Over 395 Million XRP Was Transferred By Whales Between Exchanges Following The XRP Rallying

Per Whale Alert, XRP Whales have been moving a massive amount of XRP lately following its recent rally. Over the 24 hours, Whale Alert noted that the high net worth XRP investors have moved a combined 395,223,746 (395.2million) XRP worth $197.61 million, having the largest transfer to be 132 million XRP, valued at around $61.93 million at the time of the transaction, were sent from one unknown wallet to another in the past 24 hours. Read Also: A Prominent YouTuber, Ben Amstrong Pinpoints That XRP Rallying May Be A Clear Indication That SEC Will Give Up Trying To Prove XRP Is A Security Details Of The XRP Whales' Transaction  According to the data from whale alert, a total of 132 million XRP worth almost $61.93 million at the time of the transaction were moved from one un...
Over 581 Million XRP Were Reshuffled By Ripple’s Whales.
XRP News

Over 581 Million XRP Were Reshuffled By Ripple’s Whales.

Another XRP reshuffled was initiated between the exchanges and the unknown wallet. According to the Whale Alert, 581,357,954 (581.35 million) XRP were reshuffled by Ripple whales of which 50 million XRP worth approximately $18.74 million was transferred from Ripple to an unknown wallet three hours ago. Read Also: Over 466 Million LUNC Were Burnt By MEXC Global As It Concluded Its Burning Event For Spot Trading Of LUNC Pairs https://twitter.com/whale_alert/status/1572071876180037633 As captured by the Whale Alert, a total of 35 million XRP (appr. $13.26 million) from an address on the Bittrex exchange to an unknown wallet.Another whopping 39,724,954 worth around $15.2 million were transferred from Bitstamp ( Ripple’s ODL Partner)  to an unknown address. Read Also: Sir Jo...
An Unknown Whale Purchase A Total Of $500 Million Worth Of XRP, XRP Spikes From Its 48-Hour Low To $0.37 At 6% Increase
XRP News

An Unknown Whale Purchase A Total Of $500 Million Worth Of XRP, XRP Spikes From Its 48-Hour Low To $0.37 At 6% Increase

Following the massive accumulation of the XRP, its price action spiked by almost 6%. An unknown whale amassed a total of $500 million worth of XRP on the 16th of September, 2022. The development was shared by CryptoVinco, a cryptocurrency data provider that covers market updates about top cryptos, especially Ripple.  Read Also: LUNC Community Asks Central Exchanges To Implement Tax Burn Proposal On Off-Chain Activities Via New Proposal https://twitter.com/CryptoVinco/status/1571007153556819968 After the fat purchase, Ripple’s XRP spiked from a 48-hour low of $0.324 to $0.37 at an almost 6% increase as stated by Coingecko. Per CryptoVinco, XRP appears to be decoupling from the entire crypto market, as the asset’s price is up while others continue to decline.  Re...
Over 421.21 Million XRP Tokens Were shuffled Between Exchanges Over The Past 24 Hours
XRP News

Over 421.21 Million XRP Tokens Were shuffled Between Exchanges Over The Past 24 Hours

Per data from the whale alert, a whooping 421,219,375 (421.21 million) XRP tokens have been shuffled between cryptocurrency exchanges and unknown wallets over the last 24 hours. At the current exchange rate, the funds were worth $379.58 million.  As gotten from the whale alert, these transactions mainly involved Ripple’s ODL crypto exchange partners like Bitso and Bitstamp. Read Also: Magistrate Analisa Torres Approves Ripple's And SEC's Proposal To File Motions Under Seal, Ripple vs. SEC Lawsuit Approaches Summary Judgment The first transaction which was initiated about 16 hours ago, transacted a total of 30 million XRP coins worth $10.61 million to an address on the Bitstamp exchange from an unknown wallet. https://twitter.com/whale_alert/status/1569315977807990785 ...
Attorney Hogan Says The XRP Tokens Is Not A Security Inherently
XRP News

Attorney Hogan Says The XRP Tokens Is Not A Security Inherently

The ongoing case between Ripple and SEC is the biggest one ever as far as the crypto industry is concerned. However, the blockchain firm, Ripple, has not received as much support from crypto-related projects as many expected. The Silicon Valley tech company has pretty much been left to engage with the SEC alone in the lawsuit.  Ripple's Case Maybe Put To A Stop Soon With the new development, Ripple would be getting the support it so badly helps which could aid the company to halt the ongoing lawsuits. Read Also: Users Can Now Convert LUNC And USTC To Bitcoin, BUSD, And Tether Without Paying Any Fees The partner at Hogan and Hogan Law firm, attorney Jeremy Hogan said in an announcement the Chamber of Digital Commerce, the world’s leading blockchain trade organization, has ...
A Whopping 542,967,762 XRP Worth $180.37 Million Is Transferred Between Unknown Wallets And Some Exchnages’ Addresses
XRP News

A Whopping 542,967,762 XRP Worth $180.37 Million Is Transferred Between Unknown Wallets And Some Exchnages’ Addresses

According to the official Twitter handle, a total of 542,967,762 XRP worth $180.37 million have been transferred between unknown wallets and addresses on prominent cryptocurrency exchanges. The above transactions were done following the spike in demand for Ripple’s On-Demand Liquidity (ODL). As tweeted by Whale Alert, a total of 40 million XRP worth $13.41 million were transferred from an unknown wallet to an address on the Bitstamp exchange in the first transaction. Read Also: LUNC Bypass Some Coins Like Bitcoin Cash, Monero, And Few Others To Occupy 26th Position https://twitter.com/whale_alert/status/1567647668842668032 Another transaction claimed a total of 37,067,762 (37.06 million) XRP from Bitstamp to an unknown wallet. At the time of the transaction, the XRP coins...
Following The Ripple Unlocking 1 Billion XRP, Ripple Locked Back A Whopping 900 Million Crypto Asset
XRP News

Following The Ripple Unlocking 1 Billion XRP, Ripple Locked Back A Whopping 900 Million Crypto Asset

A few hours after unlocking a whopping 1 billion, Ripple has locked back a whopping 900 million units of the crypto asset. The update was tweeted by Whale Alert, Roughly 10 hours ago, 200 million XRP worth $64.95 million at the time of the transaction were locked at Ripple escrow wallet. The transaction was made from an unknown wallet, Read Also: Binance CEO Clarifies Who The Guangying Chen Is And Where The True Binance Origin Is https://twitter.com/whale_alert/status/1565413486456348672 On the same premise, another 100 million XRP valued at around $32.94 million were locked in Ripple escrow wallet.  Another 100 million XRP worth $32.94 million was locked by the Silicon Valley tech company. Ripple also locked a whopping 500 million XRP coins in its escrow wallet, with ...