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hallwaymonitor

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  1. Update: they transferred 150M XRP and 134,8M is now left in their main account r3C9BXmTtiDLhxH76cWP6vbyDEkbtxANzo. https://xrpscan.com/tx/7199C010840DA5A7CA6763D7095481500190F20E4276172A7DC7034B69022598 Multiple txs and accounts are being used to launder the money and the XRP will end up to the low KYC exchanges where it will be dumped in small increments without crashing the price in order to gain most value out.
  2. "The Kava community voted for BNB users to be the first to receive DeFi utility on the Kava product roadmap that also includes other major crypto assets as collateral, such as BTC and XRP. Rewards are distributed in-protocol on the Kava Blockchain." https://medium.com/kava-labs/the-bnb-specifics-behind-minting-usdx-285f92cd73e2
  3. Good point from Janna that the ODL volume shrank with XRP/AUD pairing as well. Those 12,300+ XRP txs in the picture used to be way bigger. Probably the ODL volume shrank with all XRP/FIAT pairings. Someone flipped the switch but not the way we hoped for. https://xrpscan.com/account/rU7xJs7QmjbiyxpEozNYUFQxaRD5kueY7z
  4. You might be right. I think something negative and surprising happened recently and it caused the ODL total volume to drop from 20 millions USD to just 3 million USD in a day. That's -85% decrease in a few days and I won't expect it to recover back to the 20 million USD levels any time soon. Of course Ripple knew people would notice and hence they released their announcement as a warning. I have been monitoring ODL volume for quite some time. Even before this and the Covid I was disappointed how long it took to grow the ODL volume and open new ODL corridors. Ripple had to pay for MGI to b
  5. I scanned the XRP ledgers before and after that time and I didn't find anything unusual. I think that Fiatleak site monitors XRP trades within the crypto exchanges and there just were many trades when the video was filmed. https://xrpscan.com/ledger/55071526
  6. Do we know the date and time (roughly) when those transactions occurred?
  7. Agreed. I don't know what's the case with Miguel but IMO usually when people put like "looking for new job opportunities" in LinkedIn it means that they got fired.
  8. I didn't even know who this guy was two months ago until I listened this Joe Rogan podcast. He has practically fulfilled every 16 year boy's dream. I highly suspect the dopamine highs that he gets last long. In the end of the day happiness comes from within no matter how much money you spend.
  9. Update: they transferred 100M XRP and 284,8M is left in their main account r3C9BXmTtiDLhxH76cWP6vbyDEkbtxANzo. https://xrpscan.com/tx/D6395F22D4505C8B82B7EC2BFD4371DEDFF1124BF59258A7A98154D05A11E5FC Again, lots XRP accounts, transactions and selling in relatively small batches to come.
  10. By off-ledger I simply mean the trading and its volume that happens outside XRP ledger. The same volume that you see in Coinmarketcap, for instance.
  11. The arrogance and ignorance of non-crypto people always keeps surprising me. The real moment of "understanding" will become to the non-crypto folks after hiding of funds becomes too easy via privacy coins. Then no one knows how much crypto assets anyone owns and there will be lots of "sad" people "missing" their private keys suddenly.
  12. I think we can safely presume two things. 1) The most of the crypto (including XRP) volume is just BS wash trading. 2) The XRP/FIAT volume of ODL is growing. New corridors (Thailand, Brazil & Argentina) are also in the ODL pipeline. In that regard the utility based XRP off-ledger trading volume might surpass all other speculative (non-wash) XRP off-ledger trading volume during 2020.
  13. I think the coming Ripple IPO is the key here. It will facilitate Ripple's XRP distribution to the markets and enhance the transparency of Ripple's escrow usage. SBI is already sending its XRP to the SBI shareholders and Ripple will likely mimic this practice after IPO. Ripple must report to the shareholders publicly how they are going to use XRPs from the escrow.
  14. Well said! I have always thought that the balance of remittances between countries is the only thing that matters. The remittances is the first use case for ODL (the low hanging fruit). However, if Ripple manages to expand ODL flows to B2B sector as well, then it will ease out the need for heavy rebalancing of XRP organically. One metric to assess B2B sector future flows in aggregate could be current account balance (CAB) that gives us rough picture which countries are heavy exporters (surplus) and importers (deficit). https://en.wikipedia.org/wiki/List_of_countries_by_current_account_ba
  15. There are 12 mentions about XRP in the PDF but they all refer to shareholder benefits... I would be positively surprised if they get ODL going on for JPY currency corridor during 2020 at this point. Also there is this Ripple IPO speculation in the air and it might be one reason to postpone JPY ODL even further.
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