Ripple makes 2 massive transfers today, one to Bitstamp, one to mystery wallet

28 Jan, 2019
by David Borman
News
Ripple makes 2 massive transfers today, one to Bitstamp, one to mystery wallet

Ripple moved a considerable amount of XRP around today in two transactions totalling over 850 million XRP. One was to Bitstamp, a major exchange which trades in XRP amongst other coins, and the other was to an unknown address, though presumably for a form of escrow.

In all likelyhood this is simply in order to add liquidity to the Bitstamp market and shouldn't be seen as suspicious. The transaction can be seen on an XRP block explorer:

The second transaction is smaller, but in this case the owner of the address is unknown:

It is more than likely this is an intended excrow address that Ripple controls. Nonetheless, it is interesting to note the company is moving money around, though this type of activity is hardly unprecedented.

If anything else develops, be sire that Chepicap will be right here to cover it!

Follow Chepicap now on Twitter, YouTubeTelegram and Facebook!

Read more about:Ripple (XRP)Bitstamp

Add a comment

suspicious, right ? ripple and some altcoins like true USD with their fluctuations make BTC feel bad
29 Jan, 2019 - 06:22
BTC is veru sad oncse smth like TUSD appears on the market
29 Jan, 2019 - 22:44
I know what are talking about, but bitstamp are sideway from that just full of manipulation manipulation
30 Jan, 2019 - 08:48
Bitstamp is working hard on its rating. First, it contracted with Swiss bank and now asks to send its some money to improve statistics)
29 Jan, 2019 - 18:35
lol, good work bitstamp :D
It changes nothing! Bitstamp is still shit
11 Feb, 2019 - 08:26
last time bitstamp activity attracts the attention of the market. i'd rather said that such attention is negative
29 Jan, 2019 - 19:38
nothing to show for Bitstamp
29 Jan, 2019 - 19:54
This will not help Bitstamp, this exchange is a bottom
29 Jan, 2019 - 19:53
yes bitstamp is a poor exchange
01 Feb, 2019 - 13:35
so many interest to bitstamp. not sure they wanted people to get these news
29 Jan, 2019 - 20:29
it seems that bitstamp even doesn't try to hide its activity which is similar to scam )
29 Jan, 2019 - 21:07
Bitstamp team dosnt care about it because they think they are best on the world
03 Feb, 2019 - 20:01
Sure that both purses belong to Bitstamp and this is nothing more than dirty machinations.
29 Jan, 2019 - 21:20
bitstamp gets money from ripple for promoting its coin))))
29 Jan, 2019 - 22:01
sure bitstamp sometimes is a part of machinations
30 Jan, 2019 - 04:57
because nothing else can help Bitstamp, its business promo
04 Feb, 2019 - 18:46
it' s surprising that bitstamp suddenly decided to release some news but it wouldn't help to restore its reputation
30 Jan, 2019 - 20:44
it seems like bitstamp plans to provide some new fraud activity in 2019
30 Jan, 2019 - 22:26
Bitstamp has been implicated in fraud more than once, probably it is payment for the new deed
31 Jan, 2019 - 18:59
ohh I even didnt think about that. maybe its true and expected to see bitstamp fraud.
05 Feb, 2019 - 16:16
Investments in Bitstamp have decreased, so Bitstamp decided to invest in itself by someone else’s hands not to look completely shabby
31 Jan, 2019 - 20:56
huge movement to bitstamp?
it will stuck when withdraw haha
10 Feb, 2019 - 07:21
I think such transactions don`t stuck. This one looks suspicious. do you understand?
17 Feb, 2019 - 08:09

Check out the latest news

You will be logged out and redirected to the homepage