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Ripple Co-Founder Steadily Cashing Out His XRP: Report
The crypto analytics group Flipside have posted a new report on XRP’s cash flows, and the general discovery is that there is not much actual use of the digital asset by ordinary users. Flipside have observed that most of the flow of XRP occurs exclusively between exchanges and top holders of the asset, whom we might term “whales”. Most of the rest is flow between the asset’s escrow system, the founders’ wallet, and exchanges. The group has produced an animated infographic of these flows. The report also found that flows generally dropped significantly during the weekends. Comparing this trend to other ... (full story)
