Ripple Whales Make BIG Moves Amid XRP Price’s Highest Quarterly Close: What to Expect?
The post Ripple Whales Make BIG Moves Amid XRP Price’s Highest Quarterly Close: What to Expect? appeared on BitcoinEthereumNews.com.
Key Insights: 219M+ XRP worth $500M moved between unknown wallets with Ripple ties, price to rise further? XRP hits highest-ever quarterly close above $2.25 resistance zone. XRP futures volume surges 87% to $4.72B amid quiet price action. A major XRP transfer involving over 219 million tokens, valued at approximately $500 million, was recorded on-chain earlier today. The movement, flagged by WhaleAlert, showed funds transferred between two unverified wallets with no exchange tags. It occurred as XRP registered its highest quarterly candle close in history, suggesting a notable development for the token. The sending address was initially activated by Ripple Labs in 2023, and it still retains more than 32 million XRP. The receiving wallet, now holding over 55 million XRP, has no known link to any centralized exchange or custodial service. There has been no official statement regarding the transfer, leading to questions around its purpose. Large Transfer Between Unknown Wallets Raises Attention On July 7, blockchain data services recorded a transfer of 219,851,778 XRP, equating to over $500 million. The transaction took place between two anonymous wallets, with no links to publicly known institutions. Both wallets are unverified, with no exchange tags or identifiable affiliations. Meanwhile, earlier today, in a separate transaction, blockchain data also recorded a movement of 50,000,000 XRP, worth approximately $113.17 million, between two unidentified wallets. Similar to the larger $500 million transfer, this transaction involved no known exchange or tagged custodial address. WhaleAlert tracked the transaction and confirmed that the sending wallet had prior ties to Ripple Labs. Blockchain explorers show that Ripple originally activated the address in 2023. After the transfer, it still holds over 32 million XRP, suggesting it may remain active. Meanwhile, the recipient wallet, created over a year ago, has a current balance exceeding 55 million XRP. XRP Price Closes Highest-Ever…
Filed under: News - @ July 8, 2025 5:30 am