Stellar [XLM] worth $13 million is on move in last 24-hour
Large amount Stellar [XLM] is reportedly being shuffled between wallets of worth $13 million. Reportedly, three transactions came from and went to unknown wallets, as according to Whale alert data.
It was first noted and posted on a Twitter account, Whale Alert, which live tracks large crypto transactions from and to exchanges. In one of the transactions, 68,819,286 XLM (6,037,710 USD) transferred from Unknown wallet to Unknown wallet. In another one, 45,879,524 XLM (4,025,140 USD) transferred from Unknown wallet to Unknown wallet and lastly, 22,939,761 XLM (2,012,570 USD) transferred from Unknown wallet to Unknown wallet.
Two other transactions which was of comparatively smaller value went to wallets which are reportedly owned by Binance and Bitfinex. Reportedly, 7,000,000 XLM (599,772 USD) was transferred from Unknown wallet to Binance and 6,000,000 XLM (502,495 USD) were transferred from Unknown wallet to Bitfinex.
A similar incident was noticed about Ripple on Tuesday. But, in this case, Ripple reportedly moved a huge sum of XRP. Total amount of more than 850 million XRP were moved in two transactions.
Whale Alert noted that one of transactions were made to Bitstamp, a major exchange which trades in XRP along with other coins. However, another transaction was to an unknown address, though is it is presumed to be for a form of escrow.
Whale Alert wrote, “#XRP (136,324,998 USD) transferred from Ripple to Bitstamp.” It is likely to just add liquidity to the Bitstamp market and possibly nothing to be that’s to be considered suspicious of. The transaction can reportedly be seen on an XRP block explorer. The transaction made to the mystery wallet is smaller, the owner of the address is not known yet. Whale alert wrote, “392,834,643 #XRP (114,220,230 USD) transferred from Ripple OTC Distribution wallet to Unknown wallet.” However, most likely, the transaction is an intended excrow address that Ripple controls.
In other not-so-related news, Stellar announced that the launch of their much-anticipated Stellar testnet is pushed back until February 27th. “Testnet Reset (originally scheduled for January 30) has been pushed back to February 27, 2019,” Stellar noted in its official tweet. The official reason that has been given for the delay is “in order to allow us more time to build in warnings to the reset date within Stellar’s developer tools (Horizon, Friendbot, etc.).”
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