- A 200 million XRP ($687M) transfer between unknown wallets raised speculation.
- The move involved shifting XRP from an old Ripple-controlled wallet to a new address.
- Community members debated whether it was routine or strategic, with some linking it to Ripple’s growing institutional partnerships.
Whale Alert has reported the movement of 200 million XRP, equivalent to nearly $687 million at the time, between two unidentified cryptocurrency wallets. The high-value transfer quickly caught the attention of the XRP community, fueling speculation about its origin and potential implications.
The transfer occurred late Sunday and was initially flagged as a transaction between unknown parties, raising questions about whether institutional players, whales, or even Ripple Labs itself were behind it. The discussion was amplified by the absence of any initial official explanation or labeling of the addresses involved.
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Blockchain Sleuths Identify Ripple Connection
While early reactions assumed this was another high-stakes whale maneuver, further investigation provided clarity. The blockchain analytics profile @XRPwallets, known for monitoring and identifying on-chain XRP activity, revealed that the transaction was, in fact, internal to Ripple Labs.
According to their post on X (formerly Twitter), the transaction was made from an older Ripple-controlled wallet, first activated in 2020, to a newly created blockchain address. The move appears to be part of routine fund management rather than an external transfer, offloading, or exchange activity.
Ripple to Ripple
Activated Aug 2020 with 200M XRP. Sent to new wallet today. https://t.co/X7NqHUkvc9
— XRP_Liquidity (Larsen/Britto/Escrow/ODL/RLUSD) (@XRPwallets) July 22, 2025
The new destination wallet has not yet shown signs of further transactions or distribution, which suggests it may be reserved for custody, treasury management, or upcoming operational use by Ripple.
Community Reacts: Routine Move or Strategic Planning?
Reactions across the XRP community ranged from casual dismissal to deeper speculation. Some users referred to the transfer as “just another day in the whale’s playground,” echoing the idea that such large internal transactions are not unusual for Ripple, which holds a significant share of the total XRP supply in escrow.
Another user, Alva (@AlvaApp), opined that the transaction resembles a whale move by top crypto exchanges like Binance, preparing liquidity for expected heavy demand. They also noted that it could be some investor making withdrawal after the hitoric price run to $3.65.
“This move looks like classic whale chess—either Binance prepping liquidity for anticipated demand or a major holder repositioning after a run near $3.65,” they wrote.
However, others pointed to the timing and volume as potentially signaling a strategic reallocation. Ripple Labs has recently ramped up its global partnerships and is deepening its involvement in tokenized asset settlement.
Some analysts argue this transaction could be linked to preparations for new institutional use cases or liquidity provision in upcoming pilot programs.
Ripple’s Ongoing Role in XRP Circulation
Ripple Labs remains one of the largest holders and distributors of XRP, with billions of tokens held in escrow accounts that are released on a scheduled basis.
These holdings give the company considerable influence over XRP’s liquidity and ecosystem development, especially as it works to position the XRP Ledger (XRPL) as a global settlement platform.
In the past, Ripple has used similar internal transfers for purposes such as exchange funding, strategic partnerships, and platform testing. Without a formal comment from the company, the community is left to interpret the motive behind this specific transfer based on prior patterns.
As Ripple continues expanding its cross-border payment systems and tokenization strategies, the internal handling of XRP will likely become more frequent and complex. This latest high-value transfer underscores Ripple’s active management of XRP supply and further signals the token’s evolving role in enterprise-level blockchain applications.
Also Read: SEC’s Silence on Ripple Sparks Outrage Among XRP Holders Worldwide
