Blockchain tracking service Whale Alert has identified two large transfers of the cryptocurrency XRP, together involving nearly 60 million tokens and valued at approximately $186 million.
The first recorded transaction moved 40,000,000 XRP (roughly $131 million). Analysis linked this transfer, tracked by Whale Alert, to wallets associated with Ripple’s internal treasury management.
A second transaction recorded shortly thereafter involved 16,698,207 XRP (valued at nearly $55.3 million).
The scale and timing of these transactions, particularly the movement originating from Ripple-related wallets, have sparked significant speculation within the cryptocurrency community.
Discussions online reference potential concerns about large-scale movements, highlighting community reactions that include references to money laundering possibilities.