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Xrplover

What is significance of large transaction?

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I noticed on Twitter #whalealert very large transactions of xrp from escrow, unknown wallets and OTC wallets. I wanted to see what this is about? Also billion dollar xrp transactions on XRP- L which I think stands for Ledger.

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I think few things --

  • over the counter sales (banks buying/moving money)
  • money getting out of escrow and into circulation
  • maybe whale getting ready to dump on exchange

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Every single month, the escrow is released and Ripple starts moving it around to various wallets, before putting like 80-90% of it back into escrow.

For some reason, everyone goes bat **** crazy thinking something big is happening because all these whale alert twitter pages are going crazy. 

Nothing is happening. Calm your farm.

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