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 XRPS​can. 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.