The blockchain tracking service Whale Alert has reported the first major XRP transfer of 2025, involving a staggering 500,000,000 XRP. This significant movement raises questions about its origin and purpose, given its size and timing. Historically, Ripple has performed substantial XRP withdrawals at the start of each month, but it remains unclear if this specific transfer is linked to such activities.
Details of the Transfer
Approximately five hours ago, an anonymous entity transferred half a billion XRP from one unidentified wallet to another, as revealed by Whale Alert. At the current XRP/USD exchange rate of $2.13, this transaction holds an astonishing value of $1,070,455,137 in fiat.
This transfer highlights XRP’s impressive growth, with its price climbing from $0.60 in December to nearly $3 earlier this month. Data from the XRP-focused explorer Bithomp confirms Ripple initiated this transaction.
Related article: XRP’s Bullish Case: Why Analysts Remain Confident
Ripple, known for unlocking large XRP sums monthly, typically withdraws 1 billion XRP from escrow in smaller transactions at the beginning of each new month. This pattern suggests the transfer could be part of Ripple’s routine activity.
Additional Large Transfer to South Korea
Whale Alert also detected another significant transaction involving 30,000,000 XRP. This amount, valued at $64,034,753 in fiat, was sent from an anonymous wallet to Bithumb, one of South Korea’s largest cryptocurrency exchanges.
30,000,000 #XRP (64,034,753 USD) transferred from unknown wallet to #Bithumbhttps://t.co/E79n4ZKF4c
— Whale Alert (@whale_alert) January 1, 2025
Analysts suggest that many traders are capitalizing on XRP’s recent price surge by transferring their holdings to exchanges for selling.
Related article: XRP Trading Volume Spikes: Will It Break Through $2.30?
These massive XRP movements signal increased activity within the ecosystem. Whether driven by institutional players or profit-taking traders, they underline XRP’s growing role in the cryptocurrency market.
As Ripple continues its routine withdrawals and traders respond to price rallies, 2025 is shaping up to be an active year for XRP.
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