The crypto community has continued to face severe price corrections as bearish sentiment appears to be reaching peak levels. At such a sensitive time as this, large crypto transactions moving across blockchains have continued to catch the attention of market participants.
On Tuesday, Feb. 24, popular blockchain monitoring platform Whale Alert, which tracks down large cryptocurrency transfers, spotted a massive crypto transaction involving the fourth largest cryptocurrency by market capitalization, XRP.
The data provided by the source revealed that the transfer, which has stirred discussions across the crypto market, saw a total of 95,935,471 XRP worth over $127 million move among two unknown wallets.
HOT Stories
Morning Crypto Report: Mr. XRP Yoshitaka Kitao Predicts 2026 On-Chain Revolution, Bitcoin in ‘Not Digital Gold’ Period: CryptoQuant CEO, Ethereum Foundation to Stake 70,000 ETH
Bitcoin Breaks Below Critical $63,000 Support
XRP whale pulls off mystery move
It is important to note that the nature of the transfer could not be confirmed as the sender and receiver of the large XRP transaction was not disclosed.
As such, speculation around the transaction has only sparked a selling narrative, with commentators suggesting that it could be Ripple selling or a major institution focused on XRP.
While investors have expressed resilience amid prolonged market volatility, the timing of the transfer has sparked more doubts and fears than hopes in the minds of investors, slowing optimism for a potential price resurgence.
The move was made while XRP was trading in deep red territory, showing a massive price decline of 5.36% over the last day. Notably, the asset is trading at $1.33 as of writing time, according to data from CoinMarketCap.
Considering the prolonged downturn in the price of XRP, it appears that the large transfer spotted earlier has not in any way impacted the asset’s price movement positively, suggesting that it was a sell attempt.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
XRP Got Ghosted by Banks for 12 Years – Here’s the Proof
For years now, one of the biggest stories in the cryptocurrency space has been how banks would eventually use Ripple’s XRP for international transactions. The premise was simple: banks would use XRP to facilitate faster and cheaper international transactions.
However, after over a decade now,
CaptainAltcoin47m ago
XRP Stalls at $1.35 as Surging Long Positions Build Pressure for the Next Move
Long positions in XRP derivatives continue increasing while net buying climbs toward roughly 13–15 million contracts.
Support and resistance are at $1.33 and $1.37 respectively, with the price standing at $1.35.
Although it fell by 0.6% per day, positioning statistics indicate a steady ri
CryptoNewsLand1h ago
XRP Price Prediction for 2026 Improves as HYPE Soars, but DeepSnitch AI Has the Most Explosive 100x Forecast After Its Launch, Coming Soon
As the middle of March is beginning, there’s a lot of expectation about what will happen to Bitcoin and the main altcoins. XRP, in particular, is under close monitoring, and XRP price predictions are constantly being presented.
In parallel, another crypto is generating a lot of discussion in s
CaptainAltcoin1h ago
