Massive XRP Transfer: 500 Million Coins Moved in 2025

user avatar

by Giorgi Kostiuk

2 years ago


On January 1, 2025, the first major XRP transfer of the year took place, involving 500 million coins. Whale Alert noted this significant movement of cryptocurrency totaling over one billion dollars.

500 Million XRP Transferred on January 1

According to Whale Alert, five hours prior to publication, an anonymous transaction involving 500 million XRP occurred. This large sum was transferred from one anonymous blockchain address to another, valued at $1,070,455,137 at the current XRP/USD exchange rate of $2.13 per coin. This year, XRP has been on an impressive upward trend, having risen from $0.6 in December to nearly $3.

500,000,000 XRP ($1,070,455,137) unlocked from escrow at unknown wallet

30 Million XRP Sent to Korean Exchange

Additionally, 30 million XRP were moved to a leading cryptocurrency exchange in South Korea, Bithumb. This amount of XRP is valued at $64,034,753. The transfer was made from an anonymous digital wallet. Many traders are securing profits by shifting substantial amounts of XRP and other cryptocurrencies to exchanges for sale.

30,000,000 XRP ($64,034,753) transferred from unknown wallet to Bithumb

Details and Analysis from Bithomp

As provided by the Bithomp explorer, the transfer was initiated by Ripple, which typically transfers 1 billion XRP through several regular consecutive withdrawals from escrow at the start of each month. Usually, Whale Alert captures these two or three transactions, but today only one such massive transaction was detected.

Transfers of significant volumes of XRP to anonymous addresses and platforms like Bithumb highlight the growing trends in the cryptocurrency world. These movements can have a considerable impact on the market and further shifts in XRP's value, closely watched by traders and analysts.

Tier I

Sector: #18291

Sealed Cache Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, caches will be stored in your inventory and can be opened with Keys.

Other news

Aave Governance Considers Emergency Powers to Protect Users

chest

Aave governance is considering a proposal to grant emergency powers to guardians to freeze vulnerable lending pools during security threats.

user avatarDavid Robinson

Router Protocol Users Must Move Assets During Grace Period

chest

Router Protocol users must take action during the grace period to bridge assets back to origin chains before relayer nodes are disconnected.

user avatarJacob Williams

Arbitrum Proposes Disqualification of Three DeFi Protocols from Future Grants

chest

A new governance proposal by Arbitrum aims to disqualify three DeFi protocols from future DAO grant allocations due to alleged reporting failures and misuse of prior incentives.

user avatarAndrew Smith

Router Protocol to Shut Down Crosschain Network and Burn 303 Million Tokens

chest

Router Protocol has announced a deprecation plan to shut down its crosschain messaging network and burn 303 million ROUTE tokens due to unsustainable maintenance costs.

user avatarZainab Kamara

Ripple Partners with Florida Athletics to Introduce Digital Asset Payments

chest

Ripple has partnered with Florida Athletics to allow fans to use XRP and RLUSD for ticketing and merchandise, enhancing payment experiences and promoting digital asset adoption.

user avatarSon Min-ho

Fomo App Overtakes Pumpfun in 24-Hour Revenue Surge

chest

Fomo app has surpassed Pumpfun in 24-hour protocol revenue, generating $14 million in fees.

user avatarAyman Ben Youssef

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.