99,999,980 XRP on the Move: What’s Happening?
XRP has recently seen a surge in whale activity, with several massive transfers catching the attention of the crypto community. On Friday, Dec. 13, 99,999,980 XRP, valued at approximately $234.4 million, was moved in a single transaction, as reported by Whale Alert. This was part of a broader trend of large XRP transfers observed over the past two days.
Other significant transactions include:
• 39 million XRP (worth around $95 million) transferred to Coinbase.
• 380 million XRP (valued at $915.2 million) moved from Ripple to an unknown wallet.
The identities behind these wallets remain undisclosed, leading to speculation that the transfers may involve whales, exchanges, custody platforms, or institutional investors. Some suggest these movements could be OTC (over-the-counter) deals conducted outside traditional crypto exchanges. Others believe the XRP could be getting redistributed among wallets for security or strategic purposes.
