$738M Moved in One Transaction

Key Insights:

• Ripple wallet moved 210M XRP, triggering speculation over internal treasury or partnership plans.
• XRP surged 20% in 24 hours, nearing $3.65 after ETF launch and new legislation.
• On-chain data shows Ripple wallets remain active as XRP holds firm above support levels.

Blockchain tracking platform Whale Alert recorded a transaction involving 210,669,117 XRP, valued at approximately $738,134,962. The movement occurred on July 21, triggering discussion on social media. While the transaction appeared to be between two anonymous wallets, further on-chain data linked both addresses to Ripple.

An account monitoring XRP wallet activity, XRPwallets, stated that the sender wallet was activated in June 2022 and belongs to Ripple. “Ripple to Ripple. Activated June 2022 from a Ripple subwallet, now sent to a new Ripple subwallet,” the account posted. The purpose of the transaction has not been confirmed.

Blockchain data confirmed the transaction was completed successfully on ledger 987615445. The network fee for the payment was 20 XRP. Ripple has issued no official response regarding the transfer.

Price Movement and ETF Launch Context

XRP has recently shown sharp price activity. Last week, the token recorded a 20% increase in 24 hours, jumping from $3.02 to a local high of $3.65. Analysts have cited the recent launch of the XRP ETF and the passing of the Genesis Act as drivers of the surge. 

The new legislation, signed by U.S. President Trump, outlines the use of stablecoin in payments. It also relates to Ripple’s stablecoin RLUSD. As of press time, XRP is trading at $3.54, recovering slightly. The token has increased 1.01% in the last 24 hours.

On-Chain Movement Reflects Ongoing Activity

The $738M XRP transfer is one of the most significant recent whale movements. Although the motive remains unclear, data shows continued activity within Ripple-managed wallets. Observers continue to monitor wallet behaviour as Token remains above its key support levels.

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