A major XRP transaction involving Uphold has raised questions about the identity and intentions of the holder behind nearly 578 million tokens.
BSCN reported that Whale Alert tracked the movement across seven transactions, with XRP carrying an estimated value of around $900 million. The scale of the withdrawals has raised questions about whether Ripple could have controlled the funds, although the transaction data does not identify the holder.
The movement also gives the XRP community another large on-chain transaction to examine as observers track the destination wallets and any subsequent transfers.
Whale withdraws 580,000,000 $XRP tokens from exchanges!
According to @whale_alert, across seven different transactions, a staggering 577,815,416 $XRP tokens were withdrawn from the @UpholdInc exchange.
The tokens are currently worth around $900 million…
Was this @Ripple?! pic.twitter.com/SB0l6aavh7
— BSCN (@BSCNews) September 26, 2026
Whale Withdraws 577.8 Million XRP From Uphold
BSCN tweeted that 577,815,416 XRP left Uphold across seven separate transactions. The crypto media outlet cited Whale Alert’s reporting on the withdrawals and asked whether Ripple could have initiated the transfers.
The seven transactions moved XRP away from the same exchange, but the available transaction information does not identify the entity behind the wallets that received the tokens. The destination addresses could therefore provide additional information about the purpose of the movement.
Coin_Scoop offered one possible explanation in the comments. The commentator said that splitting such a large amount across seven transactions from one exchange could indicate that a large holder was rebalancing custody rather than Ripple moving treasury holdings.
Coin_Scoop also pointed to Ripple’s scheduled escrow releases and said the withdrawal pattern does not match that cadence. The commentator suggested whether the destination wallets connect before attributing the transfers to a single entity.
Destination Wallets Could Reveal More
TeinOnChain also focused on the receiving wallets. The commentator said transactions of this size usually involve custody arrangements or over-the-counter activity rather than an immediate sale.
The destination wallets could therefore provide more context about the movement. If the wallets continue to hold the XRP, the transfers could reflect a custody change. If the tokens later move to exchanges or other identifiable addresses, those transactions could provide additional clues about the holder’s intentions.
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Other commenters offered different interpretations of the development. STELLAR NOMAD took a bearish view of XRP and predicted a decline toward $0.80 and potentially lower. The commenter also promoted Stellar’s XLM as an alternative within the crypto market.
KevinInvesting1 viewed the development positively for Uphold. The commenter described Uphold as highly liquid and said the exchange fully backs its assets. KevinInvesting1 also said investors could value such liquidity conditions during a bull market.
Ripple Connection Remains Unconfirmed
BSCN’s question about Ripple remains open based on the information surrounding the transactions. Whale Alert’s data shows that 577.8 million XRP left Uphold, but the transactions alone do not establish that Ripple controlled the funds.
The receiving wallets will remain important for further analysis. Their subsequent activity could help determine whether a large holder moved the XRP for custody purposes, prepared for an OTC transaction, or pursued another strategy. Until those wallets reveal more information, the identity behind the $900 million XRP movement remains unconfirmed.
Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.
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