Ripple has executed a massive cryptocurrency transaction, shifting hundreds of millions of XRP in a single transfer.
Blockchain tracking platforms report that the fintech giant and affiliated wallets are behind some of the largest movements recorded this week.
Ripple executes 250 million XRP transfer
Data from Whale Alert, which monitors large crypto transactions, shows Ripple moving 250,000,000 XRP.
The transfer equals $703,901,147 based on current market value. XRPscan records indicate the funds were sent to a Ripple-affiliated wallet known as Ripple50.
The transfer is likely tied to Ripple’s operational costs and its Ripple Payments network. Part of the funds may also support investments and on-demand liquidity solutions. Ripple unlocks 1,000,000,000 XRP from escrow every month.
Typically, around 300 million XRP stays with the company, while the rest returns to escrow. The 250 million XRP sent on Friday originated from these monthly releases earlier in the year.
The movement underscores Ripple’s continued reliance on its XRP reserves to support ecosystem activities.
Additional 50 million XRP transfer raises questions
Whale Alert also detected another major movement involving 49,999,989 XRP, worth about $140,841,434.
The tracker listed the transfer as occurring between two anonymous wallets. However, analytics account @XRPwallets reported that the funds were tied to Ripple.
According to @XRPwallets, the XRP was sent to a subwallet linked to the now-defunct FTX exchange.
This finding has sparked further attention because of FTX’s ongoing bankruptcy proceedings and unresolved claims.
Earlier, Whale Alert flagged a similar transfer involving 50,000,000 XRP from Ripple to a wallet reportedly belonging to Ripple co-founder and former CEO Chris Larsen.
The connection between Ripple’s operations, founder-linked wallets, and dormant exchange addresses highlights the complexity of XRP flows across the network. Large-scale transfers continue to attract scrutiny as they can influence both liquidity and investor sentiment.
Ripple’s escrow structure and monthly XRP releases remain central to how it manages its supply. Each large transfer, whether for internal funding, partner settlements, or network expansion, feeds ongoing discussions within the crypto community.
Both Whale Alert and XRPscan continue to provide transparency into these large-scale movements. Their data helps traders and analysts understand Ripple’s strategies and anticipate potential impacts on XRP’s liquidity.