u.today
A bizarre on-chain event has sparked confusion across the $XRP community today.
In a span of just 62 minutes, a massive stash of 73 million $XRP was transferred between five different anonymous wallets.
The entire sum was valued at $151.3 million at the time of the transfer.
The on-chain “hot potato”
$XRP researcher Leonidas Hadjiloizou has jokingly commented that nobody wants this massive number of tokens.
The fact that the entire lump sum is kept intact indicates that this is a security protocol or liquidity routing by a single large entity. This is likely an exchange or custodian.
$XRP is currently changing hands at $2.07.