Ripple Moves $107.8M in XRP Between Internal Wallets
Blockchain tracker Whale Alert flagged a transfer of 35,000,000 XRP (≈$107,775,259) between two anonymous addresses. Community members speculated on a whale-driven dump or market manipulation. Data from XRPscan later revealed both wallets belong to Ripple, labeled “Ripple 50.”
This internal XRP transfer likely serves operational needs: shifting tokens to exchanges for sale, allocating funds to XRP-based exchange-traded products (ETPs), making other investments, or covering Ripple’s ongoing expenses. No signs of escrow withdrawals were involved, and the event reflects routine treasury management rather than a market-moving dump.
Neutral
This transfer was an internal treasury movement by Ripple, identified through XRPScan. Such operations are routine and have minimal immediate effect on XRP’s market price. Historical patterns show that internal wallet reshuffling by issuers rarely triggers major volatility unless linked to large-scale sell-offs. In this case, no escrow release occurred, and the purpose appears logistical—fund allocation rather than market manipulation—making the overall market impact neutral in both the short and long term.