CoinGape and Coinfomania both cite Whale Alert for a 50 million XRP transfer but disagree on whether the recipient wallet has been identified.
CoinGape and Coinfomania both cite Whale Alert for a 50 million XRP transfer but disagree on whether the recipient wallet has been identified.
What all sources agree on
- Ripple moved 50 million XRP, valued at roughly $50 million, flagged by Whale Alert.
- The transfer represents significant whale activity in the XRP market.
Where the reports disagree
1Identity of the recipient wallet
On-chain analysis on XRPScan revealed Ripple (50) wallet moved XRP to its subwallet raRVLN1. This indicates it is an internal transfer.
Ripple has made headlines today with a significant transfer of 50 million XRP to an unknown wallet, as reported by Whale Alert.
What would settle it: The on-chain transaction record on XRPScan or Whale Alert’s original alert data.
2Whether the funds were subsequently traced to Binance
However, shortly after the transaction, the same wallet distributed some coins, primarily 1,000,000 XRP per transaction, to rBNCyN wallet address. The wallet is associated with Binance crypto exchange.
Ripple transferred 50 million XRP to an ‘unknown wallet,’ with the recipient’s identity unclear.
What would settle it: The on-chain transaction record on XRPScan showing subsequent wallet-to-wallet transfers.
What to make of it
Treat the size of the transfer (50 million XRP, ~$50M) as established; do not treat the claim that the funds reached Binance as confirmed until the on-chain wallet trail is independently verified.
Treat the size of the transfer (50 million XRP, ~$50M) as established; do not treat the claim that the funds reached Binance as confirmed until the on-chain wallet trail is independently verified.
Original source: AltcoinGordon
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