August 31, 2018By Adrian Barkley
“Could be nothing, could be beginning of something, could be exchanged moving money around…. but around 6.8billion XRP just moved on the ledger in the last 30 minutes. Thoughts as to who/what/why? Pure speculative of course but speculation can be fun on occasion.”
“The second transaction again the source rHYTJDFrbCU1i2yCENTg9yjUrHHGaYTB4D is likely a founder as it has been mentioned before years ago as part of the block of addresses in control of either the founders or Ripple. Probably it’s Chris again? No idea about the destination r93oSNBKuFjuKt8GxhF8VYaGzzwsNDPaX5. Both destination addresses sat pretty much unused since they were activated on Dec 1st 2017.”So, we don’t actually know why these transactions have taken place, but really for the purpose of examining the performance of Ripple’s network, does it really matter? Of course, this is an awful lot of money to move around, therefore there has to be some underlying justifications, however, what this has done, is its demonstrated the networks ability to handle demanding transactions. As we mentioned at the start, progression through development is so important. Ripple get a lot of bad press, as does XRP, this though, shows us a different side to the XRP project, one that promises us all a very promising future.