Five hours ago, Whale Alert reported that enterprise blockchain company Ripple had sent out 50 million XRP tokens.
After this, 670 million XRP tokens were locked in escrow, which typically happens on the first day of the month.
After this, 170 million more XRP tokens were transferred from an unknown wallet to Ripple.
The final transfer involved as many as 330 million tokens, according to the Whale Alert data.
XRP turns 13
The recent transactions have coincided with XRP celebrating its 13th birthday.
On June 2, 2012, Ripple co-founder Arthur Britto submitted lines of code that created 100 billion XRP tokens. Britto started working in tandem with David Schwartz and Jed McCaleb in 2011.
As of now, XRP remains the fourth-biggest cryptocurrency with a market capitalization of $127 billion.
It is one of the very few O.G. altcoins that have managed to remain at the top throughout all these years.
After Ripple emerged victorious against the SEC, XRP experienced a massive rally in the fourth quarter of the year, solidifying its top 10 position.
Ripple is not sitting on a massive XRP fortune that could be potentially used for making more acquisitions, according to Bitwise.
Source: https://u.today/ripple-makes-massive-transfers-as-xrp-celebrates-13th-birthday