Prominent blockchain tracker Whale Alert, known for monitoring large cryptocurrency transactions and for sharing their details on its website and social media channels, has spotted a massive XRP transaction worth more than $220,000,000.
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Mon, 04/28/2025 - 13:52 $68,722,825 XRP Transfer Stuns Major US Exchange Coinbase ByGamza Khanzadaev
98.2 million XRP on move to new wallet
The aforementioned source of data shared the details of a transfer that carried 98,292,623 XRP. This amount of crypto is equal to $219,121,793. The transaction was initiated by an anonymous wallet to a blockchain address that was just recently activated and contains only two incoming transfers.
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The transaction that carried 98,292,623 XRP was one of them. Therefore, the market is either witnessing an OTC purchase and a new XRP whale emerging, or it is just an old whale rearranging his XRP holdings.
On April 28, Whale Alert also spotted a substantial transfer of 29,532,534 XRP coins that stunned the largest U.S.-based crypto exchange, Coinbase. That was the equivalent of $68,722,825.
However, it proved to be an internal transaction from one Coinbase wallet to another.
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SEC puts XRP ETFs on hold
As reported by U.Today previously, Bloomberg has dismissed rumors about BlackRock’s ProShares launching its XRP-backed exchange-traded funds (ETFs) today, April 30. They were meant to be XRP futures ETFs, and the news reports later proved to have been based on an old regulatory filing that was dated April 30.
Those reports did not receive any official confirmation from ProShares and were dismissed by a Bloomberg analyst. The BlackRock-related fund now expects the SEC regulator to announce a positive decision on May 14.
The SEC has also delayed a decision on an XRP ETF filed by another major player - Franklin Templeton. It had filed for this product soon after submitting a filing for a Solana ETF in March.
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