Ripple Moves 1 Billion XRP Including A Mystery Message On The Transaction

Ripple Moves 1 Billion XRP Including A Mystery Message On The Transaction

Ripple has recently moved on March 1st one billion XRP out of escrow. The company might be selling a large portion of its assets to accredited investors that want to purchase the third largest digital asset in the market.

At the start of each month, Ripple moves a large sum of coins to sell to investors and be able to fund its monthly operations and expansion in the market. This time, the transaction included a memo that said: The revolution will be televised…

Apparently, this memo makes reference to Gil Scott-Heron’s song called The Revolution Will Not Be Televised. At the same time, the last month, Ripple’s mystery memo read: Crawl… Walk… Run… ;). In this case, the note made reference to a comment that was given by Brad Garlinghouse back in 2017.

A few days ago, we wrote an article at Bitcoin Exchange Guide in which we reported that there were several transactions were processed by both XRP and Stellar (XLM). According to the Twitter users Whale Alert, there were 50 XRP transactions processed of 10 million XRP each that moved from the Bittrex exchange to Upbit. Almost $160,000,000 in transactions were processed by the Ripple network in just a few minutes.

We tracked 50 transactions of 10 million #XRP each from #Bittrex to #Upbit the past hour. The total value of the transactions was $159,536,070 USD.

— Whale Alert (@whale_alert) February 27, 2019

XRP is currently being traded close to $0.32 and it has a market capitalization of $13.34 billion. It is also the third largest digital asset after Bitcoin (BTC) and Ethereum (ETH).

XRP could eventually be used by financial institutions around the world to process cross-border payments reducing costs and transaction times.

https://bitcoinexchangeguide.com/coin-price-predictions-todays-bitcoin-btc-ethereum-eth-ripple-xrp-and-bch-forecasts-march-1/