Crypto Whales Moved About $1 Billion In XRP While Ripple Launches xCurrent 4.0

These days, crypto whales have been moving some really impressive amounts of XRP. The massive moves have been made in just four hours.

Massive amounts of crypto, transferred

According to Whale Alert on Twitter, $989,999,892 worth of XRP have been all transferred within a four-hour span.

It also seems that the entire amount was split between five transactions. The largest transaction was 999,999,959 XRP, worth $348,507,596.

According to reports, the top three transactions all went to the same address, which now holds 2.6 billion XRP.

It looks like a number of transactions seem to be Ripple itself moving some of its massive XRP holdings. As you all know, Ripple owns 60% of the total supply, and the vast majority of the amount is locked in escrow.

Ripple usually sells its XRP OTC (over-the-counter). Just a little while ago, the company announced that it managed to double its XRP sales in the third quarter of 2018 and it sold a total of $163.33 million worth of XRP, compared to $73.53 million from the second quarter of this year.

The main reason for this increase might be thanks to sales that are made directly to institutions. Ripple sold $98.06 million to institutions which is a lot compared to $16.87 million from the Q2 2018.

Ripple is rolling out xCurrent 4.0

Ripple is currently rolling out a new version of its popular product xCurrent, version 4.0.

Ripple’s latest version of xCurrent is the main SWIFT competitor, and it’s more closely integrated with xRapid, Ripple’s XRP-powered product.

Oracle Times reported that Ripple SVP of product Asheesh Birla explained some details about xCurrent to CoinDesk:

“What this release enables you to do is that in countries where you think it’s appropriate and xRapid’s available, using your xCurrent software, you can now plug into on-demand liquidity using xRapid.”

Ripple’s chief market strategist Cory Johnson has recently highlighted that Ripple plans to bring the world’s financial system into the 21st century.

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