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Unknown wallet activity involving 95,000,000 XRP emerged during a period of upward price movement, drawing immediate market attention. Whale Alert reported that the transfer moved between two unidentified wallets and carried an estimated value of $183.49M based on current prices.
Notably, the transaction showed no exchange-related destination tags. As a result, traders tracking large on-chain movements flagged the transfer due to its timing alongside price strength. Network data confirmed successful settlement with standard fees, indicating normal execution.
At the same time, broader XRP Ledger activity provided additional context. Xaif Crypto highlighted two previous identical transfers of 100,000,000 XRP each that moved from a Ripple-linked wallet to a single unknown destination. Moreover, both transactions shared the same destination tag and delivery parameters, pointing to coordinated execution.
Beyond transaction size, timing influenced market reaction. XRP had already gained momentum before the transfers appeared. Consequently, the sudden whale activity increased caution among short-term traders, even without evidence of selling pressure.
Additionally, on-chain records showed no immediate redistribution from the receiving wallets. That pattern suggested custodial movement or internal allocation rather than exchange inflows. As a result, analysts avoided linking the activity to liquidation risks.
Also Read: Analyst Answers the “Most Important” XRP Question — $1500 to $3000 Per Coin: What it Means
On-chain observers note that large XRP movements often reflect internal wallet management or long-term custody changes. Furthermore, identical transaction structures usually signal planned operations rather than fragmented activity. Hence, the Ripple-linked transfers reinforced attention surrounding the 95,000,000 XRP movement.
Importantly, XRP price action remained stable after the transactions. The asset held recent gains without sharp pullbacks, suggesting the market absorbed the transactions calmly. Consequently, broader sentiment stayed intact despite closer monitoring.
Separately, analysts emphasized that large, unknown wallet transfers often relate to internal restructuring. Such movements do not always precede market distribution, which reduces immediate downside expectations.
Moreover, increased transparency across public ledgers has made institutional-scale transfers more visible. As a result, traders rely more on follow-through activity rather than transaction size alone. Additionally, the absence of subsequent movements supported a measured market response.
The alignment of price strength and significant unknown wallet transfers placed XRP under closer observation. Market focus remained on confirmed on-chain signals while price momentum continued to guide sentiment.
Also Read: Bitget Tokenized Stocks Hit $500M Volume as Zero Fee Trading Fuels Surge
The post Unknown 95,000,000 XRP Amid Price Uptick Raises Alarm – What’s Happening? appeared first on 36Crypto.
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