The year 2025 has made an important start for XRP: Bithumb, one of South Korea's leading exchanges, received a large transfer of 30 million XRP.
According to a report by Whale Alert, the transfer took place earlier today, sending $64.03 million worth of tokens to Bithumb from the unknown address “rPyCQ.” Such large transfers usually create uncertainty among market participants, as a large investor can either release the tokens to the market or, conversely, buy large amounts and store them safely.
However, it is also quite remarkable that this transfer took place on one of the largest exchanges in Korea. Korean investors are known for their high interest in XRP, and the digital asset has consistently held a strong position on local exchanges in terms of volume.
Additionally, the period when the major transfer took place coincides with a time period when XRP market dynamics are frequently scrutinized and speculation about price movements is intense.
Community member XRPWallet noted that this transfer was an internal transaction between Bithumb’s own wallets. This means that it is considered an intra-exchange transaction. Such transactions do not affect the tokens’ order book and therefore do not create any pressure on the price.
However, without fully examining the Whale Alert report, many people may misinterpret this transfer as “a large investor selling his XRP holdings to Bithumb.” Such misunderstandings could lead to unnecessary panic selling among poorly informed market participants.