A cryptocurrency whale has moved a whopping $12 billion worth of XRP in a transaction that cost next to nothing to process thanks to the network’s low fees. According to data from the XRP Ledger, a total of $12.3 billion worth of XRP were moved in the transaction that cost 0.000012 XRP, or $$0.0000157 to process.
It’s unclear who sent the transaction and who received it – if it was even a different entity – but the transaction highlights a key benefit of top cryptocurrencies: the low transaction fees that are possible even for extremely large transactions.
Cryptocurrency whales, as Benzinga reports, own a large share of XRP’s circulating supply, which means they can single-handedly move its price if they decide to sell their holdings. Similarly, whales are able to move up the price of XRP if they decide to keep on accumulating.
