The Crypto community has become bustling as well as well as well as famous blockchain tracker Whale Alert anonymously shared details of a transaction that moved a whopping 131,000,000 XRP. Still, the additional on-chain data helped shed light on the identity of recipients.
Whale Alerts are widely known for their crypto spaces for monitoring large cryptocurrency transactions and sharing details on their X accounts and websites.
The transaction coincided with the 5.37% decline XRP experienced on the past day.
131,000,000 XRP on the move, recipients announced
The aforementioned data source reported that two unknown wallets exchanged a huge amount of 131,000,000 XRP. At the time of transfer, this XRP chunk was valued at $273,945,648.
The XRP community was intrigued by this massive deal between anonymous wallets and began speculating about the possible purpose of this transfer. Many have assumed that it was a massive commercial sale. However, one X user is said to be a transaction that took place between wallets belonging to Binance Crypto Exchange.
🚨🚨🚨🚨🚨131,000,000 #xrp (273,945,648 usd) transferred from unknown wallet to unknown wallethttps://t.co/cnmitrxable
– Whale Alert (@Whale_Alert) April 15, 2025
Still, the transaction details provided by the XRP-focused data platform Bithomp shows that the incoming wallet is actually linked to Binance, but the owner of the outgoing wallet has not been identified.
Earlier this week, Whale Alert discovered two other large XRP forwarding. On April 14th, an anonymous wallet replaced a 70,000,000 XRP worth $150,361,090. The community believes it is an internal ripple transfer linked to the ripple payment system.
The next day, an unknown whale cut 29,532,534 XRP to Coinbase, the largest cryptocurrency in the United States. However, according to Bithomp, it was an internal Coinbase transaction.
Ripple integrates RLUSD into Ripple payments
Earlier this week, Ripple Cryptocurrency Giant reported that its latest product, Dollar-Pegged Stablecoin RLUSD, has been fully integrated into the Ripple Payments Network. Stablecoin was issued after the company secured the required license and regulatory permits. This is supported 100% by deposits of US dollars, government bonds, or other cash equivalents. A leading independent accounting and consulting company, BPM, conducts monthly RLUSD audits.
As Ripple said in a blog post, Ripple payments already handle over $70 billion in transaction volumes in over 90 payment markets. RLUSD is becoming more popular because it focuses on compliance, transparency and security.
