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Prominent blockchain service Whale Alert, which tracks large cryptocurrency transfers, broke news about the first massive XRP transfer in 2025. This massive transaction carried half a billion dollars XRP coins.
Historically, there is only one entity that opens a large amount of XRP at the beginning of a new month but it is unclear if it is related to the transfer mentioned above.
500 million XRP was shoveled on January 1st
Whale Alert revealed that approximately five hours ago, an anonymous transfer of half a billion XRP occurred as this large block of cryptocurrency was moved from one anonymous blockchain address to another. This massive amount of XRP is valued at a staggering $1,070,455,137 USD at the current XRP/USD exchange rate of $2.13 per coin. This year, XRP has shown a stunning price rise, rising from $0.6 in December to a high of nearly $3 earlier this month.
Details revealed by Bithomp XRP-centric explorer show that the transaction was initiated by blockchain giant Ripple. On the first day of every new month, Ripple typically transfers 1 billion XRP in several successive and regular withdrawals from escrow.
As a rule, Whale Alert shows all two or three of these transactions, but today this data tracker noticed only one transaction of this huge size.
Related to
30 million XRP goes to top Korean exchange
Whale Alert also revealed that a large amount of cryptocurrency – 30,000,000 XRP – was transferred to South Korea’s leading cryptocurrency exchange, Bithump.
The 30 million XRP constitutes $64,034,753 USD, and this piece of XRP was deposited into the above-mentioned platform from an anonymous digital wallet. Many traders are currently locking in their profits, moving large amounts of XRP and other cryptocurrencies to digital exchanges for sale.
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