A significant quantity of XRP, the digital currency linked to Ripple Labs, was moved from the exchange of leading cryptocurrency, Bitstamp, to a digital portfolio with an unknown owner.
Whale alert of the crypto tracking service spotted The transaction, which involved 57,304,617 XRP, worth almost 126.79 million dollars depending on the price of XRP at the time of the transfer.
Speculation of massive XRP transfer sparks
The displacement of such a quantity of XRP of this upper exchange suggests that the holder could consider keeping the asset for a long time. Therefore, they move it to a more secure storage solution, such as a material portfolio.
This transfer represents one of the largest XRP movements in recent weeks. Consequently, cryptographic analysts will closely monitor the future activity on this portfolio due to the anonymity of the owner and the large amount of XRP involved.
Related
Meanwhile, there have been no significant changes in XRP Price since the news of the transfer broke out. The part is currently negotiated at $ 2.19, depending on data from CoinmarketCap, showing a decrease of 0.79% on the last day.
In addition, the volume of negotiation of the part of $ 3.34 billion during this period indicates a high level of activity and interest in the XRP market. However, the decrease of 20% of the volume of negotiation in the last 24 hours suggests that more XRP has been exchanged today compared to the day before.
Coinmarketcap data also show that the price of this part has moved in a narrow range throughout April 25, 2025, negotiating between $ 2.18 and $ 2.20.
Another mystery portfolio transfers more than 29.5 m XRP in Coinbase
On April 24, Whale Alert also revealed the transfer of more than 29.5 million XRP (worth $ 65.35 million at the time of the transaction) of an unknown portfolio to the number one cryptocurrency in the United States, Coinbase.
The time of these transactions is interesting because they come during a period of recent positive developments concerning the legal case of Ripple Labs with the American SEC and the increasing adoption of XRP for cross -border payments.
As U.TODAY reported earlier in the day, there was also a significant increase in network costs of the Grand Book XRP on April 24 – the highest of the last 10 days.
