Three new wallet addresses quietly withdrew 45 million USD worth of XRP from major exchanges. This seemingly ordinary on-chain activity may be a significant vote of confidence from whales regarding the future value of Ripple.
In the early morning hours on the blockchain, a series of large transactions stirred the sleeping market. According to Santiment data, on September 1st, three brand new wallet addresses withdrew a total of 83 million XRP (approximately 45 million USD) from multiple exchanges.
This is the first large-scale on-chain activity by XRP whales after three months of silence. Over the past three months, large transactions on the XRP chain have been relatively quiet, showing that large holders have generally been in a wait-and-see mode.
This sudden break from silence is undoubtedly a signal of significant change. Withdrawing coins from exchanges to personal wallets is typically interpreted as a positive signal, as it not only reduces immediate selling pressure on exchanges but also suggests that holders may prefer long-term storage over short-term trading.
01 Whale Movements: Sudden Action After Silence
On-chain data reveals that this unusual activity occurred while market attention was focused on Bitcoin and Ethereum. The simultaneous actions of the three 'newborn addresses' suggest that this could be a coordinated strategic accumulation by the same entity.
The movements of whales have always been an important barometer for the cryptocurrency market. These investors with substantial funds can cause significant price fluctuations.
In the context of XRP's relatively weak recent performance (with three consecutive days of decline increasing the possibility of dropping to 2.50 USD), this large-scale accumulation is particularly noteworthy.
02 Market Background: Ripple Under Pressure
XRP is facing multiple pressures recently. On-chain activity has significantly decreased, with the number of active addresses dropping from about 50,000 to around 24,000 since mid-July, a decrease of more than half.
The futures market is likewise not optimistic. CoinGlass data shows that XRP futures open interest has dropped from 1.094 billion USD to 797 million USD, indicating waning interest in the token.
Liquidation data is also on the rise, with long positions liquidated exceeding 15 million USD in the last 24 hours, while short positions liquidated only 1 million USD, highlighting the risk-averse sentiment in the crypto market.
03 Positive Factors: Progress in Legality and Adoption
Although the short-term market performance is weak, the fundamentals of XRP present a different picture. The lawsuit by the U.S. Securities and Exchange Commission (SEC) against Ripple has been settled, and on August 22, 2025, the Second Circuit Court approved the settlement between the parties, clearly ruling that XRP traded on exchanges is not a security.
This decision clears the regulatory hurdles for XRP's compliance in the U.S. market, eliminating the long-standing regulatory clouds hanging over the market.
At the same time, Ripple's On-Demand Liquidity (ODL) service continues to demonstrate its practical utility. In the second quarter of 2025, Ripple's ODL service processed 1.3 trillion USD in transactions, used by over 300 institutions.
Santander Bank reports that in the third quarter of 2025, the volume of cross-border payments through ODL increased by 40%, particularly in the corridor from Europe to Latin America.