Today, Ripple reported a transfer of 210.6 million XRP, valued at over $738 million, between its internal wallets.
Massive XRP Transaction
The transaction, tracked by blockchain service Whale Alert, involved XRP being sent from an unidentified wallet to a newly activated address within Ripple. The transfer was not linked to any exchange or known liquidity provider.
Ripple’s Internal Transfer Strategy
Details shared by @XRPwallets show that the receiving wallet was activated in June 2022. This address is identified as a Ripple subwallet, and the transfer originated from another Ripple-managed source. This activity rules out any external sale or offloading event.
Market Impact and Ecosystem
It is noteworthy that similar large-scale XRP transfers in recent days have also indicated internal treasury actions rather than market-facing activity. On-chain data shows that the funds still reside within the Ripple ecosystem.
The transfer of 210.6 million XRP has been confirmed as an internal transaction between Ripple-managed wallets, reflecting strategic planning and asset reorganization within the company.
