Cryptocurrency

Pax Dollar

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 <p class="paragraph">Following this month’s activity related to September’s tokens <a rel="noopener noreferrer nofollow" title="unlock" href="https://thebittimes.com/tag/unlock.html">unlock</a> by Ripple, the company moved another 75 <a rel="noopener noreferrer nofollow" title="million" href="https://thebittimes.com/tag/million.html">million</a> XRP ($38 <a rel="noopener noreferrer nofollow" title="million" href="https://thebittimes.com/tag/million.html">million</a>) on Monday, from which 58 <a rel="noopener noreferrer nofollow" title="million" href="https://thebittimes.com/tag/million.html">million</a> XRP went to known exchange addresses, probably to be sold on the crypto spot market.</p> 
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 <p class="paragraph">Notably, Ripple had already moved 100 million XRP from the 200 million tokens kept after the escrow’s finality. With the most recent activity, there are still 25 million left in the account address tagged as “Ripple 1”, by <em>XRPScan</em>.</p> 
 <h2 class="wp-block-heading" id="h-following-the-track-of-the-75-million-xrp"><strong>Following the track of the 75 million XRP</strong></h2> 
 <p class="paragraph">Once again, <strong>Finbold</strong> tracked down these transactions on-chain trails, which followed a very similar pattern to the 100 million tokens moved one week earlier. Passing through the same accounts as before, suggesting they belong to the same owners.</p> 
 <p class="paragraph">In this context, 75 <a rel="noopener noreferrer nofollow" title="million" href="https://thebittimes.com/tag/million.html">million</a> XRP were sent from “Ripple (1)” to the unknown address “rJqiM…La8nE” on September 18. One and a half hours later, the 75 <a rel="noopener noreferrer nofollow" title="million" href="https://thebittimes.com/tag/million.html">million</a> were forwarded to “rhWt2…E32hk”.</p> 
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 <p class="paragraph">At this point, whoever is managing these accounts decided to keep 28.99 <a rel="noopener noreferrer nofollow" title="million" href="https://thebittimes.com/tag/million.html">million</a> XRP in “rhWt2…E32hk” (a similar amount to what was kept from the 100 <a rel="noopener noreferrer nofollow" title="million" href="https://thebittimes.com/tag/million.html">million</a> tokens last week), sending 46.01 <a rel="noopener noreferrer nofollow" title="million" href="https://thebittimes.com/tag/million.html">million</a> to “rJgpQ…7hCvf” in just three minutes.</p> 
 <figure class="wp-block-image size-large"> 
  <img decoding="async" loading="lazy" width="1024" height="451" src="https://cdn.thebittimes.com/images/2023/09/21/e91e63b40fae5efd96207b37952c4578.webp" alt="Ripple moves 75 million in a possible partial sell-off on September 18. Source: Finbold (Vini Barbosa).
" class="wp-image-129268" srcset="https://cdn.thebittimes.com/images/2023/09/21/e91e63b40fae5efd96207b37952c4578.webp 1024w, https://cdn.thebittimes.com/images/2023/09/21/e91e63b40fae5efd96207b37952c4578.webp 300w, https://cdn.thebittimes.com/images/2023/09/21/e91e63b40fae5efd96207b37952c4578.webp 768w, https://cdn.thebittimes.com/images/2023/09/21/e91e63b40fae5efd96207b37952c4578.webp 1536w, https://cdn.thebittimes.com/images/2023/09/21/e91e63b40fae5efd96207b37952c4578.webp 1760w" sizes="(max-width: 1024px) 100vw, 1024px"> 
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    Ripple moves 75 million in a possible partial sell-off on September 18. Source: <strong>Finbold</strong> (Vini Barbosa). 
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 </figure> 
 <p class="paragraph">Again, in less than one minute, another transaction to the unknown address “r4wf7…h4Rzn”. However, this time for a higher amount (50.48 million XRP) than what was received, using dormant tokens from this account.</p> 
 <p class="paragraph">This is the last stopping point for the recently <a rel="noopener noreferrer nofollow" title="unlocked" href="https://thebittimes.com/tag/unlocked.html">unlocked</a> tokens, just before being sent to three different known addresses of centralized exchanges (CEX).</p> 
 <p class="paragraph">Bitstamp received 32.43 million XRP, Bitso received 17.05 million XRP, and Independent Reserves received 300,000 XRP. Summing up to a total of 49.78 million tokens being deposited in CEXes, which usually means an intention to sell.</p> 
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  <img decoding="async" loading="lazy" width="1024" height="451" src="https://cdn.thebittimes.com/images/2023/09/21/634bdc5f8999078aa026ab0c758bdb41.webp" alt class="wp-image-129269" srcset="https://cdn.thebittimes.com/images/2023/09/21/634bdc5f8999078aa026ab0c758bdb41.webp 1024w, https://cdn.thebittimes.com/images/2023/09/21/634bdc5f8999078aa026ab0c758bdb41.webp 300w, https://cdn.thebittimes.com/images/2023/09/21/634bdc5f8999078aa026ab0c758bdb41.webp 768w, https://cdn.thebittimes.com/images/2023/09/21/634bdc5f8999078aa026ab0c758bdb41.webp 1536w, https://cdn.thebittimes.com/images/2023/09/21/634bdc5f8999078aa026ab0c758bdb41.webp 1800w" sizes="(max-width: 1024px) 100vw, 1024px"> 
  <figcaption class="wp-element-caption">
    XRP transactions out of “r4wf7…h4Rzn” to CEX addresses. Source: <em>XRP Scan</em> 
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 </figure> 
 <p class="paragraph">The same last unknown address “rsdkG…apapb” of the previous week received 700,000 XRP.</p> 
 <h2 class="wp-block-heading" id="xrp-removed-from-new-york-regulators-greenlist">XRP removed from New York regulator’s greenlist</h2> 
 <p class="paragraph">Interestingly, this movement took place on the same day as the New York regulator’s revised parameters pertaining to its supervision of virtual currencies, concurrently eliminating Ripple’s (XRP) from its roster of permitted cryptocurrencies.</p> 
 <p class="paragraph">Only a very exclusive list of digital assets, most of them belonging to centralized service providers, are still allowed to be offered in New York.</p> 
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  <img decoding="async" loading="lazy" width="1024" height="404" src="https://cdn.thebittimes.com/images/2023/09/21/26e8d898f550309372743b466ee3c330.webp" alt="New York cryptocurrency greenlist." class="wp-image-129270" srcset="https://cdn.thebittimes.com/images/2023/09/21/26e8d898f550309372743b466ee3c330.webp 1024w, https://cdn.thebittimes.com/images/2023/09/21/26e8d898f550309372743b466ee3c330.webp 300w, https://cdn.thebittimes.com/images/2023/09/21/26e8d898f550309372743b466ee3c330.webp 768w, https://cdn.thebittimes.com/images/2023/09/21/26e8d898f550309372743b466ee3c330.webp 1418w" sizes="(max-width: 1024px) 100vw, 1024px"> 
  <figcaption class="wp-element-caption">
    New York cryptocurrency greenlist. Source: <em>news.bitcoin.com</em> 
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 </figure> 
 <p class="paragraph">There are currently just eight tokens and coins on the new greenlist: Bitcoin (BTC), Ethereum (ETH), Gemini Dollar (GUSD), GMO JPY (GYEN), GMO USD (ZUSD), Pax Gold (PAXG), Pax Dollar (USDP), and PayPal Dollar (PYUSD).</p> 
 <p class="paragraph"> </p> 
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/ripple-moves-another-75-million-of-unlocked-xrp-tbt63426.html">https://thebittimes.com/ripple-moves-another-75-million-of-unlocked-xrp-tbt63426.html</a></p>

Ripple moves another 75 million of unlocked XRP

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