New Whale Emerges After Massive XRP Transfer of $61.6 Million

A recent massive XRP transaction has drawn significant attention in the crypto world, revealing the emergence of a new major player.

A transfer involving 99,225,384 XRP tokens—valued at approximately $61.6 million—has been reported by Whale Alert.

The transfer moved these tokens from an unidentified wallet to a newly created one. This new wallet, which was activated on August 24, now holds only the transferred 99.2 million XRP.

The previous wallet, which was set up on August 22, originally contained 102.72 million XRP before sending out nearly all of it.

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This large transaction has led to speculation that it may involve a prominent XRP holder consolidating their assets or an over-the-counter (OTC) deal, given that the wallets involved are not publicly known.

The crypto community is closely monitoring this new whale’s activities to see how they might influence the market.

Currently, XRP is trading at $0.602, marking a 2.18% decrease in the last 24 hours but showing a 5% increase over the past week.

Alexander Stefanov

With over 8 years of experience in the cryptocurrency and blockchain industry, Alexander is a seasoned content creator and market analyst dedicated to making digital assets more accessible and understandable. He specializes in breaking down complex crypto trends, analyzing market movements, and producing insightful content aimed at educating both newcomers and seasoned investors. Alexander has built a reputation for delivering timely and accurate analysis, while keeping a close eye on regulatory developments, emerging technologies, and macroeconomic trends that shape the future of digital finance. His work is rooted in a passion for innovation and a firm belief that widespread education is key to accelerating global crypto adoption.