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Ripple Sends 30 mln XRP to Unknown Wallet That Could Be Company’s Extra Escrow

XRPL Monitor Twitter bot has spotted a 30-mln-XRP transfer from Ripple to an unknown wallet; however, this could be one of Ripple’s alleged extra escrow storage addresses

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According to data from the XRPL Monitor bot that tracks down numerous XRP transactions on a daily basis, the blockchain behemoth Ripple recently wired thirty million XRP to an anonymous wallet.

However, data shows that this wallet could be one of those set up by Ripple as an extra escrow storage address.

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Image via Twitter

Ripple wires 30 mln to an alleged escrow wallet

Whale Alert also spotted the aforementioned blockchain transaction by Ripplesent to anonymous wallet rMND5vHirAL1AUCDfqvGtBkgnEgVeB4X7h and activated by a user going by the nickname RL18-VN.

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A user from an eToro forum, David Kaye, wrote two years ago that Ripple had created four extra escrow wallets. One of them bore the nickname RL18-VN.

According to analytics website Bithomp, this XRP address is often mentioned in XRP transactions as either the sending or receiving party.

The eToro user assumed that the creation of these four extra escrow wallets by Ripple signified that some major financial institutions might have been locking up gargantuan amounts of XRP for later use.

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Over the past week, Ripple has transferred 90 mln XRP to anonymous wallets, according to the website ClankApp.

👉 MUST READ Ripple, Amazon, and Square Among Most Innovative Workplaces on Fast Company’s Top 100 Listrelated article image

Ripple gets on the list of the most innovative workplaces

As CryptoComes reported previously, the blockchain behemoth Ripple has been included in the top 100 list of the most innovative workplaces by Fast Company.

On this list, the San-Francisco-based DLT giant appears together with such business leaders as Amazon, Intel and Google.

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Yuri Molchan

Yuri entered the crypto sphere at the BTC price peak in 2017, quickly turning into a crypto enthusiast. He has written for several media, covering everything from TA to ICOs and crypto regulations. Presently is a news writer, working with crypto and blockchain-related topics.