Popular XRP Community Figure Vet Recounts High Fees Paid on XRPL

According to data shared by Vet, an anonymous user paid an outrageous fee of about 300,000 XRP on the XRP Ledger (XRPL) back in 2017. Each transaction costs were approximately 73,238 XRP, 75,742 XRP, 74,903 XRP, and 74,068 XRP, totaling to 297,951 XRP.

> Ouch! In 2017 someone paid in 4 transactions around 300,000 XRP in fees.
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> Worth today over $700,000.
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> It’s the highest fees ever paid on the XRPL.
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> The account is still active. pic.twitter.com/CBAWY2Rcyd
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> — Vet (@Vet_X0) March 23, 2025

Highest XRP Ledger Fee

While the fee’s value was not much at the time due to XRP’s low price, Vet stated it’s worth about $700,000 as of the current date. This figure was only $65,549 when the transactions were made. Vet emphasized that this fee represents the highest fee ever paid on the XRPL.

A quick glance at XRPScan shows that these transactions occurred on September 11, 2017, at 07:24 a.m. (UTC). The transactions, initiated by an unknown address, ‘rKLPB…57UGn’, were made to cancel offers on the XRP Ledger.

On that date, the user initiated five ‘offer cancel’ transactions. Only one out of the five transactions incurred a minor fee of about 0.21 XRP. The user paid hefty fees of at least 73,238 XRP for the remaining four transactions.

Potential Reasons Behind the Mistake

Vet suggested that a bot may have made the transaction on behalf of the user. During the transaction process, it’s possible the bot ‘fumbled some fields’ in the account script, leading to the exorbitant fees.

The XRPL is designed to accept any fee above the minimum requirement of a few drops of XRP. Hence, the network processes any transaction, regardless of how high the fee is, as demonstrated by the 2017 incident.

It is quite rare for users to pay extremely high fees on the XRP Ledger due to the network’s negligible transaction fees, which rank among the lowest in the crypto industry. For instance, Ripple and other entities once paid just $0.0013 to move $1.88 billion worth of XRP on XRPL.

Despite this costly error, Vet confirmed that the wallet is still active, currently holding a balance of 19.80 XRP, with its last transaction recorded on June 28, 2023.