Ripple Labs, the company behind XRP and owner of some 50 billion ripples, has moved 1.5 billion XRP, worth about $400 million or nearly 5% of the total market cap.
Half a billion XRP ($132 million) was moved on the 30th of August. Destination unclear, but it looks like the address was activated by BitGo. So perhaps some “institutional” giveaway, Over the Counter (OTC) sale, or maybe just “parking” it with BitGo which provides crypto custody solutions.
Gain access.
