Whale Grabs 65 Million XRP

A substantial XRP transaction has caught the attention of the cryptocurrency community, sparking discussions on its implications. The transaction, which involved the movement of 65 million XRP, was highlighted on X by Brett, a well-known figure in the crypto space.

Sharing a screenshot of the transaction summary, Brett emphasized the scale of the purchase by stating, “BOOOOOOOOOOOOOM! Whale Bought 65,000,000 $XRP.” This post quickly gained traction, with several users speculating on the reason behind the transfer.

🚨BOOOOOOOOOOOOOM! Whale Bought 65,000,000 $XRP pic.twitter.com/zDoT0DkZoP

— Brett (@Brett_Crypto_X) February 28, 2025

Transaction Details and Source of Funds

The transaction summary reveals that the source and destination addresses are associated with Bithumb, a major cryptocurrency exchange.

This suggests the transfer could be linked to internal liquidity management rather than an external institutional acquisition. The transaction, which was confirmed on the XRP Ledger, was successful, incurring a minimal fee of 0.008 XRP.

While some users believe the transaction signifies institutional interest, others argue it is simply an exchange moving funds to maintain liquidity. One user, Eric, commented , “Most likely an exchange bought it to cover liquidity.

Happens all the time when exchanges need to cover the sell orders.” This aligns with common exchange practices, where large assets are shifted between wallets to ensure smooth market operations.

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Institutional Use Case vs. Exchange Liquidity

Another perspective was offered by a user named Brain Blackman, who speculated that the transaction could be linked to broader institutional adoption. He wrote , “Global banks are buying in order to facilitate national and international settlement at a fraction of the cost of Swift and in minutes rather than days without having to hold foreign currency.”

This viewpoint suggests that financial institutions could leverage XRP for cross-border settlements, a use case widely discussed within the XRP community.

However, Blackman also cautioned against expecting immediate price appreciation from such transactions. He added, “This utility and the purchase of XRP and RLUSD does not equate to positive price action in the near term. Ripple is not interested in retail investors. Hold for a long time if you like or chase God Candles somewhere else.”

His remarks highlight the ongoing debate within the community regarding the long-term value proposition of XRP versus short-term speculative gains.

Market Impact and Future Outlook

This type of large transaction often raises questions about their impact on market prices. While whale purchases can sometimes signal bullish sentiment, the fact that this transaction occurred within an exchange suggests it may not directly affect market supply and demand dynamics.

If the transaction is indeed related to exchange liquidity, as some speculate, it would not necessarily indicate new demand but rather internal fund management. On the other hand, if institutions accumulate XRP for settlement purposes, this could reinforce its position as a key asset for cross-border payments.

Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.

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