The new year 2025 began for XRP with a fairly large transfer of 30 million XRP to the main Korean exchange Bithumb. As it became known thanks to a report from Whale alertAn amount of tokens equivalent to $64.03 million was deposited on Bithumb earlier today, and came from an unknown address “rPyCQ.”

Such transfers cause some concern among market participants, as they are considered tantamount to the sale of tokens by a large holder. On the other hand, when tokens are withdrawn from the exchange, it is seen as if a large investor bought the tokens and then took them into his own custody.

The fact that this happened with a major stock exchange in Korea also adds a layer of intrigue. It is known that Korean investors are enthusiastic about... XRPand Popular digital assets It consistently dominates local exchanges in terms of volume.

Additionally, this massive transfer comes at a time when XRP market dynamics are under intense scrutiny, raising speculation about the potential impact on the market and price movement.

According to fans of the XRPWallet community, the transfer is nothing more than a transfer between the exchange's own wallets.

So, an internal process for Bithumb. In this case, there is no room for uncertainty, because such movements do not affect the token's order books and create pressure on its prices.

However, the picture is still not perfect as most will not dig deeper than the Whale Alert report and are likely to view this conversion as a “large investor abandoning their investment.” XRP holdings on Bithumb.” Such misinterpretations can cause unnecessary fear or panic selling among less informed market participants.

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