Altcoins News
By Maheen Hernandez
1 / 15
Massive XRP Transfers Raise Questions. According to Whale Alert, over 143.7 million XRP, valued at approximately $343 million, were…
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BitGo Wallet Activity Adds More Mystery. Interestingly, BitGo — a prominent institutional custody provider — has been involved in several…
3 / 15
XRP ETF Set for Nasdaq Listing. While these wallet movements raised eyebrows, the timing aligns closely with a pivotal milestone…
4 / 15
XRP Price Weakens Despite Bullish News. As of writing, XRP trades at $2.38, down 3% in the past 24 hours.
5 / 15
Analysts Split Over XRP’s Next Move. Market analysts remain divided over whether these wallet movements signal bullish accumulation or…
6 / 15
What to Watch Next. All eyes are now on two key factors — XRP’s ability to hold above $2.
7 / 15
Ripple’s XRP ecosystem has witnessed renewed on-chain activity as coins linked to Evernorth Holdings — one of the largest XRP treasuries — began moving in large volumes this week.
8 / 15
At the same time, XRP’s price dropped 3% over the past 24 hours, signaling that traders remain cautious despite the bullish headlines surrounding Ripple’s latest developments.
9 / 15
According to Whale Alert, over 143.7 million XRP, valued at approximately $343 million, were transferred between two major wallets on November 12.
10 / 15
The transactions have drawn attention not only for their scale but also for their timing — coinciding with the upcoming XRP ETF launch under the U.S. Securities Act of 1933.
11 / 15
Further investigation on XRPScan shows that the Evernorth (1) wallet sent 202.26 million XRP to a BitGo Initialization Activated wallet labeled “rKhjV4.
12 / 15
Interestingly, BitGo — a prominent institutional custody provider — has been involved in several XRP transfers linked to Evernorth wallets.
13 / 15
Some speculate this activity could relate to wallet setup for ETF custodianship, as ETF issuers often require multiple cold and hot wallet addresses for fund management.
14 / 15
Adding to the intrigue, Evernorth (1) recently moved over 126 million XRP to a newly created Evernorth (2) wallet. As of now, Evernorth (2) holds roughly 126.
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While these wallet movements raised eyebrows, the timing aligns closely with a pivotal milestone for Ripple — the Canary XRP ETF, which just received Nasdaq approval to list…
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