Ripple Activates 2 New XRPL Accounts With $1.4 Billion in XRP
Main Idea
Two new XRP Ledger accounts were activated with 200 million XRP each, totaling $1.4 billion, sparking speculation about their ownership and purpose, with metadata indicating Ripple's involvement but no confirmation of end-use.
Key Points
1. Two new XRP Ledger accounts were activated with 200 million XRP each (totaling $1.4 billion), raising questions about ownership and purpose.
2. The accounts lack typical Ripple configurations like requireDestinationTag, disableMasterKey, and multi-signer setups, suggesting they may not be directly owned by Ripple.
3. Metadata shows the accounts were 'Activated by: Ripple,' but this does not confirm Ripple as the end-user or beneficiary.
4. Possible theories include OTC settlements, partnerships, or tokenization plans, but no definitive explanation has been provided.
5. The XRP community is closely monitoring the accounts, which remain inactive with their balances untouched.
Description
Two brand-new accounts on the XRP Ledger have sparked intense speculation after being activated with a staggering 200 million XRP each, totaling $1.4 billion in value at current market prices. The discovery was brought to public attention by prominent blockchain researcher Vet via a post on X, where he questioned whether Ripple, the entity listed as the originator of the fund, owns or controls the accounts. While the transaction history shows that the wallets were activated by Ripple, closer ins...
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