Whale Alert tracked a single forwarding of 141,818,659 XRP, worth $415,624,232 at the time. At first it looked like a typical mystery whale trade, or ripple that could have driven supply.
However, both ends of the transaction are Kraken-Linked addresses, which suggests that on-chain data is not the case. The last outbound transfer for the send account was 99,018,954 XRP, and the receiving account was activated via the Kraken tag – currently holding 141,818,661 XRP.
🚨🚨🚨🚨🚨🚨141,818,659 #xrp (415,624,232 usd) transferred from unknown wallet to unknown walthttps://t.co/lbdaokggjyk
– Whale Alert (@Whale_Alert) September 22, 2025
This suggests an internal shuffle between exchange wallets rather than being released to the market.
Selling of XRP prices causes a cascade of liquidation
The transfer itself did not immediately affect the price. XRP traded for around $2.85 after the alert was issued. About four hours later, it showed that the bit stamp had dropped to $2.68. This is about 6% down from the intraday high before recovering to over $2.82.
The dump probably came from separate market flows, but transactions were exchange management events that happened to smash public feeds on the same day.
Conclusion
The main platforms generally run these types of huge wallets to do hot and cold storage, client gradual liquidity, or deposit integration. Even if the coin doesn't touch the order book, it's the size of the concept that draws attention, as $415 million in one transaction is enough to raise eyebrows.
Ripple wasn't involved here, but every time hundreds of millions of dollars of XRP is reshuffled on the blockchain, the conversation goes back to Ripple's role.
