Blockchain Tracker Spots Another Major XRP Move from Ripple
Blockchain investigator Whale Alert, known for monitoring significant crypto transactions across multiple blockchains, has flagged yet another large-scale XRP transfer between unidentified wallets. Once again, the sender turned out to be Ripple, the prominent fintech company centered on cryptocurrency solutions.
This marks the third major XRP shift detected by Whale Alert this week alone. Meanwhile, XRP — Ripple’s associated digital asset and the third-largest cryptocurrency by market cap — has slipped below its recent high of $3.65, which had brought it close to surpassing its 2018 all-time high.
📊 Ripple Moves Another 200 Million XRP
On-chain data reveals that 200,000,005 XRP was transferred roughly three hours ago from one anonymous wallet to another. At the time of transfer, the transaction was worth an eye-popping $700.6 million.
Speculation quickly arose under Whale Alert’s post on X (formerly Twitter), with users suggesting that crypto whales could be cashing out profits or possibly preparing for a significant event.
However, @XRPwallets, an account dedicated to tracking XRP movements, stepped in to clarify the situation. According to their findings, the transfer originated from a Ripple-controlled wallet created in 2020, holding exactly 200 million XRP, which was fully emptied into a newly created Ripple wallet.
This follows two similar XRP movements earlier this week, reinforcing the pattern of Ripple strategically reshuffling large XRP holdings.
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