Home Altcoins News Ripple’s Massive XRP Moves: 400M Dump Ignites Speculation, Latest 200M Transfer Raises Eyebrows

Ripple’s Massive XRP Moves: 400M Dump Ignites Speculation, Latest 200M Transfer Raises Eyebrows


Ripple’s recent transactions involving massive quantities of XRP have caught the attention of the cryptocurrency community. As June came to a close, Ripple’s offload of 400 million XRP, followed by a substantial 200 million XRP transfer, has fueled speculation and scrutiny.

The June XRP Offload

In June 2024, Ripple moved a staggering 400 million XRP from its escrow account. This offload was significantly higher than the company’s average monthly liquidation of 200 million XRP. The larger-than-usual transactions have raised questions about Ripple’s intentions and potential market impact.

Key Transactions in June:
  • June 7: Ripple transferred 150 million XRP to the wallet identified as “rP4X2hTa7A”.
  • June 20: Another 250 million XRP was deposited into the same wallet from “Ripple 1”.

These substantial movements culminated in the redistribution of 400 million XRP, which Ripple reserved from its June escrow execution.

The Latest 200 Million XRP Transfer

As July approached, another significant movement was recorded. On Sunday, June 30, at 17:19 UTC, Whale Alert, a prominent crypto tracking service, highlighted the transfer of 200 million XRP, valued at approximately $94.56 million. This transaction, involving two anonymous addresses, has led to widespread speculation within the community.

The source wallet, “rP4X2hTa7A,” was activated by the destination address “rJqiMb94hy” last year, an address itself activated by Ripple in 2021. This chain of activations suggests a possible affiliation with Ripple.

Before this major transfer, the wallet “rP4X2hTa7A” had been dispatching smaller amounts of XRP to various anonymous addresses over a ten-day period. These activities followed the inflow from “Ripple 1” on June 20.

Community Reactions and Speculations

The magnitude and timing of these transactions have led to various theories within the crypto community. Some believe that the latest 200 million XRP transfer is a preparatory step for Ripple’s escrow execution scheduled for July 1.

At the time of this report, there have been no escrow transactions spotted by community tracking services, but the connections between the wallets involved in the 200 million XRP transfer and Ripple suggest significant preparations are underway.

Detailed Analysis:
  • Entity Involvement: The anonymous wallets involved in these transactions appear to be linked to Ripple, raising questions about the company’s strategic plans.
  • Market Impact: Large XRP movements can potentially impact market dynamics, leading to increased volatility or signaling strategic business moves by Ripple.

Historical Context and Market Dynamics

Ripple’s activities have always been closely watched due to their potential market impact. The company’s strategic releases from escrow and subsequent large transactions often ignites speculation about Ripple’s market strategy and its potential effects on XRP’s price and liquidity.

With the latest 200 million XRP transfer, the community remains vigilant, monitoring for any further movements that might indicate Ripple’s next steps.

Implications for Investors and the Market

For investors, these substantial XRP movements highlight the importance of staying informed about large-scale transactions and their potential implications. Understanding Ripple’s transaction patterns can provide insights into market behavior and help in making informed investment decisions.

  • Market Volatility: Large transactions by major entities like Ripple can lead to short-term market volatility.
  • Strategic Moves: These transactions might be part of broader strategic moves by Ripple, potentially impacting XRP’s future market position.


Ripple’s recent transactions, involving the offload of 400 million XRP in June and the subsequent 200 million XRP transfer, have stirred significant interest and speculation within the crypto community. As these movements continue to unfold, the community remains alert, analyzing the potential market impacts and strategic intentions behind these large-scale XRP transactions.

Investors and market analysts alike will be closely watching Ripple’s next moves, seeking to understand how these transactions fit into the broader landscape of the cryptocurrency market.

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Mike T, an accomplished crypto journalist, has been captivating audiences with her in-depth analysis and insightful reporting on the ever-evolving blockchain and cryptocurrency landscape. With a keen eye for market trends and a talent for breaking down complex concepts, Mike's work has become essential reading for both crypto enthusiasts and newcomers alike. Appreciate the work? Send a tip to: 0x4C6D67705aF449f0C0102D4C7C693ad4A64926e9

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