Ripple has made some big steps lately, enticing big financial giants like PNC and Bank of America (BoA) on their side. The world’s third most valuable digital token that is focused on being a bridge currency between global financial institutions has put forward a campaign to win over targets.
With that said, earlier today one large settlement mysteriously showed up on Ripple XRP’s ledger which has left tongues wagging. The receiver’s address allegedly belongs to one Jed McCaleb – the co-founder of Ripple (XRP). McCaleb is also the brilliant brain behind the cryptocurrency Stellar Lumen. It is yet to be established why the tokens had been transferred to his account, but it seems there is something in the cards.
The transaction sparks conversation
Since the transaction involved millions of XRP worth millions of dollars, it did not go undetected by the ripple community. In other words, it attracted a lot of attention. It triggered a conversion in the community that is riddled with curiosity.
People are wondering why this money has been moved. Some think it was a pump of McCaleb’s XLM blockchain project, or most likely, it may be toward a new Ripple’s project. Ripple has not come forward to clarify on this.
As aforesaid, the receiver’s address belongs to the co-founder of Ripple – who is also the creator of Mt. Gox exchange.
It is worth noting that McCaleb owned a colossal amount of XRP worth an eye-popping $20 billion as of January 2018, the York Times reported.
The sender’s address purportedly belongs to the blockchain startup Ripple itself or Chris Larsen. It is not clear why the two founders have been moving XRP worth millions of dollars from one address to another.
In August this year, the Twitter Bot “XRP Monitor” reported that $2.3 billion in Ripple (XRP) had been moved from Ripple to Jed McCaleb’s account.