Large scale XRP forwarding is appearing on-chain, with no direct explanation. It includes 214,148,716 tokens valued at just under $500 million, according to WhaleAlert. The transaction moved the full amount of one shot from a long active wallet to a newly activated address that had not been previously induced. No labels, alerts or announcements surrounding the transfer have been issued.
The destination wallet was installed in June 2025 and was not used much in the past. After the transfer, the balance reached XRP 708 million, making it one of the largest holders on the ledger. The destination address still has a balance of over 1 billion XRP, so it appears that you can control the majority of your circular supply.
At first, both wallets appeared anonymous, with no official exchanges or institutional attributions. Ledger Metadata did not give us any immediate clues. However, after a more detailed consideration, we can see that both addresses are linked to Uphold, a centralized platform where many XRPs are stored.
🚨🚨🚨🚨🚨🚨214,148,716 #xrp (499,701,564 usd) transferred from unknown wallet to unknown walthttps://t.co/d7cgliarcf
– Whale Alert (@Whale_Alert) July 9, 2025
The sender wallet matches previously identified support reserve addresses that existed since 2021. The inbound address is new, but appears to be part of the same internal infrastructure as it displays similar management patterns.
There was no significant impact on the XRP market at the time of the relocation. Prices remained stable and the quantity did not change much. This movement appears to be controlled internally and kept modest.
The method of setting up the transfer suggests that it is for refrigeration and prepares for liquidity or custody rebalance. Without confirmation of public disclosure, the purpose is still in the air. Blockchain data confirms that the transaction has been carried out, but the fund’s intentions and future use remain secret.
