XRP Movements on Whale Alert

Data shared by the public on-chain platform Whale Alert, which monitors large cryptocurrency transactions and shares the details on its website and X account, shows that almost $70 million in XRP were transferred to Coinbase from an anonymous crypto wallet.

Overall, over the past 48 hours, the same source spotted several transactions moving 104.5 million XRP in total, with three major global exchanges involved.

104.5 Million XRP Transferred Between Anonymous Wallets and Top Exchanges

Earlier today, an anonymous whale transferred 29,532,534 XRP to the largest U.S.-based cryptocurrency trader, Coinbase. That amount of crypto was worth $69,892,707.

Despite the sending wallet being marked as anonymous, details unveiled by XRP-focused explorer Bithomp show that the sender is actually a wallet belonging to Coinbase. This indicates it was not a deposit but an internal transfer, as the platform has been reshuffling its XRP holdings.

> 🚨 🚨 🚨 29,532,534 #XRP (69,892,707 USD) transferred from unknown wallet to #Coinbase source
> — Whale Alert (@whale_alert) March 4, 2025

The other two transactions detected by Whale Alert involved 25,000,000 XRP and 50,000,000 XRP, valued at $67,301,682 and $147,488,426, respectively, at the time of the transactions.

• 25 million XRP were withdrawn from major South Korean exchange Upbit and transferred to an anonymous wallet.
• 50 million XRP were deposited to another major Korean exchange, Bithumb. Bithomp confirmed that these movements were genuinely initiated by unknown XRP holders.

Ripple Unlocks One Billion XRP

Another significant XRP movement occurred on Sunday, March 2. As reported by U.Today, on that day, Ripple released 1,000,000,000 XRP from escrow, moving that amount of crypto in several batches.

Ripple traditionally unlocks that many coins in a single day and has been doing so since 2017, releasing one billion XRP on the first day of each month to support the coin’s liquidity on the market.

This time, however, it was significant as it followed U.S. President Donald Trump’s announcement of the creation of a U.S. Strategic Crypto Reserve, which would include major cryptocurrencies: Bitcoin, Ethereum, XRP, ADA, and SOL.

While some Bitcoin enthusiasts expressed outrage over anything besides Bitcoin being included, one prominent Bitcoin advocate, Michael Saylor, viewed XRP’s inclusion as a bullish sign.