With major economies around the globe identifying the importance of cryptocurrencies, many individuals have followed suit. Bitcoin’s recent bullish momentum is also attracting the attention of the crypto-community, with many individuals trying their luck in the cryptoverse.
Over the past six hours, the world’s largest cryptocurrency surged past the $12,000 resistance, climbing by over 4% in 2 hours. This movement came as an opportunity for traders to generate capital from their digital assets. Many transactions were thus recorded between a few wallets too.
WhaleAlert, one of the web’s major cryptocurrency transaction trackers, shared about the news about the transfer of 100,000,000 XRP over its official Twitter handle. WhaleAlert tweeted,
“🚨 🚨 🚨 100,000,000 #XRP (31,625,197 USD) transferred from unknown wallet to unknown wallet.”
The transaction was done in 10 drops from wallet address rs8EfRvaQ71vmxfsyh3S16oWxVkrm8eu1m to wallet address rB4UtU9sAiMTF5Htg3k6kwUXV2dHyRFkJn, with a timestamp of 03:32:21 UTC on 6 August 2019. Also, the hash for the transaction was D09FBF5AF105ACC47A9FF377DC1B62BF6C67A4ADF1BF83381BDA6598F5C3558D.
This transaction was carried out over Ripple blockchain for a transaction fee of 0.00001 XRP. The block height of the transaction was #49150544 and it was deemed a successful one.
The transfer of such significant amounts of XRP over the blockchain came as no surprise since it was in line with the bullish market movement.