A staggering $117 million worth of XRP has just shifted hands on the Ripple blockchain in a transaction that has left even seasoned crypto watchers wondering about the wallets involved. According to data publicly shared by crypto analyst Ripple Bull Winkle, on-chain records include timestamps, exact amounts, hashes, and transaction fees, but nothing about the identities of the sender or receiver.
Analyst Reveals Under-The-Radar XRP Transfer
A massive 81 million XRP, valued at roughly $117 million, was transferred on the Ripple network, and the identities behind it remain unknown. Ripple Bull Winkle revealed the move in a post on X, sharing screenshots of on-chain data from Whale Alert showing millions of the token shifting between two crypto wallets with no labels, no exchange involvement, and no public trace.
Notably, the large-scale transfer took place on Tuesday, February 17, drawing the crypto community’s attention for its sheer scale and anonymity. According to Ripple Bull Winkle, transactions of this size never happen by accident. He suggested that the movement was deliberate, hinting at strategic positioning rather than a routine transfer.
The analyst also noted that the lack of identifiable wallets also fuels speculation that a whale may be accumulating XRP ahead of an event or market shift, although nothing is certain yet. He further remarked that “someone knows something,” implying that insiders or large holders may be acting on information not yet visible to the broader crypto market.
Interestingly, Ripple’s blockchain logs confirm the transfer and provide the wallet addresses involved, but reveal nothing about who orchestrated the substantial transfer. The timing of the transaction amid the broader decline in the XRP price adds another layer of intrigue. Notably, the altcoin has been in a pronounced downtrend for months, dropping from 2025 highs above $3 it’s under $1.5 at the time of writing. This steep decline has been driven by a combination of market factors, including sell-side pressure.
Commenters on Ripple Bull Winkle’s post have speculated that the 81 million XRP transfer could signal upcoming selling. At the same time, they also caution that the move may have no deeper significance and could simply be a wallet-to-wallet transfer for security or operational purposes.
The Trend Remains Largely Bearish
In a more price-focused analysis, market analyst Crypto Tony stated that XRP’s current trend is “most certainly bearish.” This assessment comes as the cryptocurrency continues to break key support zones and trade below former resistance levels.
Crypto Tony indicated that the altcoin’s price could continue its downtrendpotentially declining further towards $1.38. At its current price of 1.42, this would represent a significant correction of approximately 2.8%. Notably, the analyst has highlighted a resistance level above $1.5 on his accompanying chart, suggesting XRP could revisit this area if it regains bullish momentum.
Featured image from Adobe Stock, chart from Tradingview.com
Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
