Over $100 Million XRP Suddenly Change Unknown Hands: What’s Going On?

According to WhaleAlert, one of the largest XRP transactions in recent days just hit the ledger without a trace of who could be behind it. Late Sunday, 50 million XRP — valued at over $113 million — moved from one untagged, unverified wallet to another with no link to any known exchange or institution.

There was no announcement, warning or visible market preparation — just a cold, clean move that instantly raised red flags.

Examining the sending wallet reveals more interesting details. It was not just some random trader with deep pockets; Ripple itself originally activated the address back in 2023, and it still holds over 32 million XRP after the transfer. The receiving wallet, which now holds over 55 million XRP, was first funded over a year ago and does not appear to belong to a major liquidity hub, fund or public custodian.

Despite its size, the market did not flinch. XRP has been trading in a tight, slightly bullish range above $2.25, showing no major signs of panic, pump or immediate speculation.

The most possible explanation is Ripple’s behind-the-scenes restructuring.

With the recent changes to how XRP escrows are unlocked, distributed and used, and with RLUSD slowly building its supply across platforms, it is possible that we are witnessing a reallocation intended for future liquidity flows, over-the-counter (OTC) structuring or institutional provisioning that has not been made public yet.

Until it is tagged or there is another breadcrumb, it is one of those quiet moves that could be part of something bigger.