Two previously inactive XRP Ledger accounts holding 100 million XRP each were recently activated, prompting heightened scrutiny within the cryptocurrency sector. The combined 200 million XRP transfer marks a significant on-chain event given the scale of the movements and current market conditions.
Blockchain analysis indicates these accounts are unlikely owned by Ripple Labs, as they do not appear in Ripple’s official registry of known issuer accounts. This finding departs from Ripple’s established practice of holding large XRP reserves in identifiable escrow wallets designed to ensure market stability through controlled distributions.
The activation coincides with XRP experiencing approximately 8% price volatility, intensifying market apprehensions surrounding the unidentified holdings. While XRP community experts emphasize the critical importance of traceability for major accounts, definitive ownership attribution remains challenging without clear on-chain evidence linking the wallets to known entities.