The San Francisco -based payments company moves 200 million XRP to anonymous Blockchain address in one treatment.
Whale Alert called on the audience to the latest XRP movement that involves the Ripple’s Blockchain. Data from Whale Alert shows that Ripple has transferred 200 million XRP, at a value of $ 402.74 million, today at 10:16 UTC.
🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 200,000,000 #xrp (402,739,474 USD) was transferred from #ripple To unknown walletttps: //t.co/czz7k5fum8
– Whale_AHALERT) April 11, 2025
Reveal the identity of the recipient’s portfolio
The treatment usually attracts the attention of investors due to its size, which leaves many investors wondering about its cause. For a clearer picture, we deepened the treatment to ensure the identity of the recipient’s portfolio.
While the Whale Alert claims sent Ripple to 200 million XRP to an unspecified address, “RP4X2 … SKXV3”, data from Bithomb indicates that this portfolio is associated with the encryption giant in San Francisco.
Ripple activated the wallet on October 2, 2023, using 70 million XRP. Since then, he has been involved with other governors of ripples.
The last treatment with 200 million XRP can be part of the Ripple internal cabinet management. It includes the mixing boxes between its operating portfolios. 200 million XRP remained intact in the recipient’s wallet at the time of the press.
It is worth noting that the latest transaction brought RP4x2 … SKXV3 balance to 290.11 million XRP. With the current XRP trading at $ 1.99 per currency, the dollar equivalent to the portfolio of the portfolio is $ 577.32 million.
The potential purpose of transportation
The reaction, the XRP Community figure XRP_LIQUIDITITIDITITIOT The transaction was an internal movement between conservatives that are controlled by ripples.
The user suggested that 200 million XRP can be used for several functions, including ODL (now ripples), the stock exchange products (ETPS), and other financial transactions.
If the box is prepared for ODL, it may be booked for institutions that seek to benefit from XRP as a bridge currency across the border. However, for ETP, metal processes can support the money that follows XRP performance. If it is prepared for exchanges, it may provide liquidity for the platforms where XRP trading is.
It indicates that XRP_LIQUIICIOL was closely monitoring the Monthly XRP transfers of Ripple to confirm its destinations.
Meanwhile, you still have a transmission portfolio, “RBG2F … 1O91M”, 200 million XRP balance. On April 2, this address received 300 million XRP from a portfolio later received 500 million XRP, a part of 1 billion XRP issued from the guarantee this month.
It is worth noting that Ripple deviated from the traditional release schedule to unlock 1 billion XRP on April 3 instead of the first day of the month. The lock was canceled after Ripple for the first time brought back 700 million XRP in the guarantee for the month of April.
Included: This content is media and should not be considered a financial advice. The views expressed in this article may include the personal opinions of the author and do not reflect the basic opinion of encryption. Readers are encouraged to conduct comprehensive research before making any investment decisions. Crypto Basic is not responsible for any financial losses.
Source: https://thecryptobasic.com/2025/04/11/ripple-Sends-200000000000000 xRp-to-nknown-wallet-details/? M_source = RSS & UTM_Medium