• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

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.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Robinhood CEO's Account Hacked to Promote Fake Memecoin

chest

The X account of Robinhood CEO Vlad Tenev was hacked to promote a fraudulent memecoin, highlighting vulnerabilities in crypto security.

user avatarDiego Alvarez

Kraken Launches CFTC-Regulated Perpetual Futures for US Traders

chest

Kraken has launched CFTC-regulated perpetual futures for eligible US traders, providing access to a previously unavailable product in the US market.

user avatarKenji Takahashi

Elliptic Report Uncovers Bitcoin ATM Scam Tactics

chest

Elliptic has published a report detailing how Bitcoin ATM scams work, focusing on the tactics used by fraudsters to exploit victims, especially the elderly.

user avatarMaria Fernandez

Challenges in Enforcing Crypto Regulations Highlighted by FATF

chest

FATF highlights challenges in enforcing crypto regulations, especially in DeFi and stablecoins.

user avatarRajesh Kumar

FATF Reports Increased Legislative Adoption of Crypto Regulations

chest

The Financial Action Task Force (FATF) reports that 83 jurisdictions have enacted legislation for the Travel Rule, but enforcement remains a significant issue.

user avatarGustavo Mendoza

SEC Commissioner Hester Peirce Issues Important Statement on Crypto Vaults

chest

SEC Commissioner Hester Peirce has issued a statement on crypto vaults and lending strategies, highlighting that onchain activities are still subject to federal securities laws.

user avatarMiguel Rodriguez

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.