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