A $117 Million XRP Deal Just Happened, And No One Knows Who Did It
A staggering $117 million price of XRP has simply shifted arms on the Ripple blockchain in a transaction that has left even seasoned crypto watchers questioning concerning the wallets concerned. According to information publicly shared by crypto analyst Ripple Bull Winkle, on-chain data embrace timestamps, actual quantities, hashes, and transaction charges, however nothing concerning the identities of the sender or receiver.
Analyst Reveals Under-The-Radar XRP Transfer
A large 81 million XRP, valued at roughly $117 million, was transferred on the Ripple community, and the identities behind it stay unknown. Ripple Bull Winkle revealed the transfer in a submit on X, sharing screenshots of on-chain information from Whale Alert showing thousands and thousands of the token shifting between two crypto wallets with no labels, no alternate involvement, and no public hint.
Notably, the large-scale switch happened on Tuesday, February 17, drawing the crypto group’s consideration for its sheer scale and anonymity. According to Ripple Bull Winkle, transactions of this dimension by no means occur accidentally. He instructed that the motion was deliberate, hinting at strategic positioning moderately than a routine switch.
The analyst additionally famous that the dearth of identifiable wallets additionally fuels hypothesis {that a} whale may be accumulating XRP forward of an occasion or market shift, although nothing is definite but. He additional remarked that “somebody is aware of one thing,” implying that insiders or massive holders could also be performing on info not but seen to the broader crypto market.
Interestingly, Ripple’s blockchain logs affirm the switch and supply the pockets addresses concerned, however reveal nothing about who orchestrated the substantial switch. The timing of the transaction amid the broader decline in the XRP price provides one other layer of intrigue. Notably, the altcoin has been in a pronounced downtrend for months, dropping from 2025 highs above $3 to beneath $1.5 on the time of writing. This steep decline has been pushed by a mixture of market elements, together with sell-side strain.
Commenters on Ripple Bull Winkle’s submit have speculated that the 81 million XRP switch may sign upcoming promoting. At the identical time, additionally they warning that the transfer might don’t have any deeper significance and will merely be a wallet-to-wallet switch for safety or operational functions.
The Trend Remains Largely Bearish
In a extra price-focused evaluation, market analyst Crypto Tony stated that XRP’s present pattern is “most actually bearish.” This evaluation comes because the cryptocurrency continues to interrupt key help zones and commerce under former resistance ranges.
Crypto Tony indicated that the altcoin’s value may proceed its downtrend, probably declining additional towards $1.38. At its present value of 1.42, this might symbolize a major correction of roughly 2.8%. Notably, the analyst has highlighted a resistance degree above $1.5 on his accompanying chart, suggesting XRP may revisit this space if it regains bullish momentum.