What the hell ist this: huge xrp transactions (https://www.kryptovergleich.org/ripple-xrp-im-wert-von-beinahe-1-milliarde-usd-von-walen-verschoben/)

[kbull]

Hi guys, I hope this has not been posted yet, I didn´t find a topic here...

could these be transactions to potenciell xrapid customers?

https://www.kryptovergleich.org/ripple-xrp-im-wert-von-beinahe-1-milliarde-usd-von-walen-verschoben/

Now Whale Alert has discovered the trail of some notable ripple XRP whales. Ripple coins worth $ 989,999,892 were moved over a period of just over an hour. The total was spread over five transactions. The first transaction covered $ 200 million Ripple XRP worth over $ 69 million. The coins were sent from the Ripple Escrow Wallet to the Ripple OTC Distribution Wallet. The receiver wallet is obviously the ripple wallet for over-the-counter trading. Forty-five minutes later, another $ 40 million Ripple XRP (worth $ 14 million) was transferred from the Ripple OTC Distribution Wallet to an unknown wallet. Only 3 minutes later, a third transaction was executed on more than 850 million Ripple XRP. These ripple XRPs had a value of over $ 296 million. Ripple Labs holds the largest amount of coins These coins were also sent by the Ripple OTC Distribution Wallet to an unknown wallet. This was followed, 4 minutes later, by a fourth transaction of nearly $ 750 million Ripple XRP worth $ 261 million, also from the Ripple OTC Distribution Wallet to an unknown wallet. Another big transaction followed 2 minutes later. It has transferred nearly $ 1 billion worth of Ripple XRP worth over $ 348 million, this time from an unknown wallet to another unknown wallet. Most of the transactions appear to have been executed by the company Ripple Labs itself. Ripple Labs holds 60 percent of the existing total of Ripple XRP. Most of these coins are in Ripples Trust Wallet.

Edited December 3, 2018 by kbull

[SGoldstein]

Oh vey.. Curious about the next XRP report. These numbers should somehow reflect in the report if they were indeed institutions buying these huge loads of XRP.

[Guest]

3 minutes ago, codiusrex said:

Ripple selling $1M worth of XRP every business day of the last two quarters (based on their quarterly reports) makes me suspicious of transactions like these considering there hasn’t been any solid news on xRapid activity in comparison; all we have is solid news on Ripple selling off approx 2.7M of XRP every business day at the current market price. How they do it is beyond me. Maybe they sell-off a ton of it all at once. Who really knows? I also wonder what Ripple has been doing if anything to increase the value of XRP ever since xRapid was announced to the community because the price of XRP has only slid ever since then. 

Institutional investors are buying OTC (from Ripple directly). Expect hockeystick curve increase of intitutional purchase of XRP.

[cryptoxrp]

1 hour ago, lucky said:

Institutional investors are buying OTC (from Ripple directly). Expect hockeystick curve increase of intitutional purchase of XRP.

Old news. Most of us are longterm holders anyway, but EOY hockeystick curve is welcome. Personally I am NOT checking out. EURO and US DOLLAR are useless. ECB pumps the market with 80 billion euro's every month to keep it (and Greece an Italy...parasites) alive. Just so you all know it's the start of a 'Weimar republic'. Advice: keep your funds in XRP.

Also I believe Ripple will want to do some 'financial window dressing at the EOY'. So a price of XRP above $ 1,- or more should be in the cards.

@JoelKatz It will not look good on the Ripple balance sheet to have a depreciated XRP price over 2018. Bad for investor trust..... just a reminder.

 

Edited December 3, 2018 by cryptoxrp

[mandelbaum]

Still no big movement in the number of XRPs distributed though.

https://ripple.com/xrp/market-performance/ 

Edited December 5, 2018 by mandelbaum