Lately, there’s been talk that a large whale might have acquired $237 million in XRP tokens, following the report by Whale Alert about a transfer worth that amount 16 hours prior. But upon closer inspection, it seems this transaction wasn’t a new purchase made recently.
🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 236,982,972 #XRP (567,278,563 USD) transferred from #Kraken to unknown wallet
— Whale Alert (@whale_alert) May 21, 2025
On the popular social media site X, a post gained significant attention, suggesting that there may be underlying problems within the XRP market, as the value of the token remained unchanged despite a large transaction being made.
Yesterday, an individual identified as DigitalG made a comment about the XRP market. When a whale purchased over a quarter of a billion units of XRP without any impact on its price, even the most trusting investors might question whether there are underlying problems in this market.
Some community members have opined that the “manipulation” of XRP is “ridiculous.”
According to Ripple’s Chief Technology Officer, David Schwartz, it is highly likely that the transaction under discussion was a withdrawal from an exchange, rather than a recent purchase. Therefore, this doesn’t necessarily imply that the transaction occurred recently.
As an analyst, I’m observing that at present, XRP is being traded at approximately $2.4, based on data from CoinGecko. Over the last 24 hours, the token has experienced a 3% decrease in value.
Over the past few weeks, numerous transactions involving XRP have been detected by Whale Alert, yet these transfers haven’t significantly influenced the token’s price trend because such transactions usually don’t represent large-scale buying activity that affects market movement.
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2025-05-22 11:58