A staggering transfer of over 57 million XRP, valued at nearly $126.8 million, was moved from Bitstamp to an unknown wallet. This has triggered speculation about long-term holding strategies. Meanwhile, XRP’s price remains stable at $2.19, despite significant trading volume fluctuations. An additional transfer of 29.5 million XRP to Coinbase further complicates the analysis, especially in light of Ripple Labs’ ongoing legal discussions and rising XRP adoption for payments.
Recently, a noteworthy transfer of XRP, the cryptocurrency associated with Ripple Labs, occurred, taking 57,304,617 XRP (valued around $126.79 million) from Bitstamp, a major crypto exchange, to an untraceable digital wallet. Whale Alert, a leading crypto tracking service, flagged this transaction, which has ignited speculation within the crypto community. Some analysts suggest that the owner may be shifting their holdings to a more secure off-exchange solution for long-term investment.
This hefty transaction is among the largest XRP movements seen in recent weeks, catching the attention of crypto analysts who now plan to keep an eye on the activities associated with this wallet, especially given the identity of the owner remains a mystery. Despite the magnitude of these moves, XRP’s value seems barely shaken. The digital currency is trading at $2.19, according to CoinMarketCap, reflecting a slight decrease of 0.79% over the past 24 hours.
Additionally, XRP has managed a trading volume of $3.34 billion, demonstrating considerable activity and interest in the market. However, it’s noteworthy that this represents a 20% drop in trading volume compared to the previous day. CoinMarketCap analysis indicates that XRP’s price has remained relatively stable, hovering between $2.18 and $2.20 throughout April 25, 2025.
In a related development, Whale Alert reported another transfer on April 24, involving over 29.5 million XRP—worth about $65.35 million—moving from another unknown wallet to Coinbase, the leading cryptocurrency exchange in the U.S. The timing of both transfers coincides with some positive traction in Ripple Labs’ ongoing legal battles with the U.S. SEC, and an increase in XRP’s use for cross-border transactions. Interestingly, XRP Ledger network fees also surged on April 24, hitting a peak not seen in the last ten days.
