There are a few transactions that happened in the past few hours of moving billions in XRP and this caught our attention.
All transactions were reported by ‘Whale Alert’ account on X that has over 2.7 million followers.
Someone moved 300 million XRP (worth about $629.5 million) from an unknown wallet to Ripple. Shortly after, another 200 million XRP ($420.1 million) was sent to Ripple from another unknown wallet.
Minutes later, Ripple locked 330 million XRP ($693.8 million) in escrow. They then locked another 370 million XRP ($778.3 million) in escrow too.
🔒 🔒 🔒 🔒 🔒 🔒 🔒 🔒 🔒 🔒 370,000,000 #XRP (778,259,699 USD) locked in escrow at #Ripplehttps://t.co/Rk079yzgNf
— Whale Alert (@whale_alert) April 2, 2025
What Might Be Going On?
These huge XRP movements could mean a few different things. Ripple might be gathering funds for something big they’re planning. Or they could be setting up for new business deals.
When Ripple locks XRP in escrow, they’re basically putting it away for safekeeping. They’ve done this before to control how much XRP is available on the market. It helps keep things stable.
These moves might be linked to Ripple’s work on cross-border payments. They often use their XRP to help banks and payment companies move money faster.
The timing of these transactions, first moving XRP to Ripple wallets and then quickly locking big amounts in escrow, likely means a coordinated strategic action rather than routine operations. This could potentially be connected to Ripple’s regulatory developments or preparation for new product offerings. In any case, this probably isn’t just routine money management.
Big movements like these always get crypto traders talking. But Ripple moves XRP around fairly often, so this isn’t completely out of the ordinary.
Ripple does share reports every few months about how they’re using their XRP. This kind of transparency helps people understand what’s happening.
These transactions show that Ripple still controls a lot of XRP and has major influence over how it’s used in the financial world.
Read also: Crypto Expert Predicts XRP is About to Crash – Here’s Why
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