Staggering amount of XRP moved within single hour, community buzzing
Prominent blockchain sleuth Whale Alert, which tracks large cryptocurrency transfers, has spread the word about the very first massive XRP transfer in 2025. This hefty transaction carried half a billion XRP coins.
Historically, there is only one entity that unlocks huge amount of XRP at the beginning of a new month but it is unclear if it is connected with the above-mentioned transfer.
500 million XRP shoveled on Jan. 1
Whale Alert revealed that roughly five hours ago, an anonymous transfer carrying half a billion XRP took place as this large lump of crypto was moved from one anonymous blockchain address to another. This huge amount of XRP was valued at a staggering $1,070,455,137 in fiat at the current XRP/USD exchange rate of $2.13 per coin. This year XRP has demonstrated a staggering price rally, soaring from $0.6 in December to a high of nearly $3 earlier this month.
Details revealed by the Bithomp XRP-centered explorer show that the transaction was initiated by Ripple blockchain giant. On the very first day of every new month, Ripple usually transfers 1 billion XRP in several regular consecutive withdrawals from escrow.
As a rule, Whale Alert displays all these two or three transactions, but today this data tracker noticed only one transaction of such a mammoth size.
30 million XRP goes to top Korean exchange
Whale Alert also revealed that a large amount of crypto — 30,000,000 XRP — was transferred to a leading cryptocurrency exchange in South Korea, Bithump.
FOLLOW FOR MORE UPDATES 🔔🎁
