In a recent development, blockchain data revealed a substantial XRP transaction involving the transfer of 116,973,599.999985 XRP, valued at approximately $362.6 million at the time of the transaction, from the digital asset platform Uphold to a newly activated wallet.
The transaction, visible on the XRP Ledger, was first highlighted by crypto analyst and investor Xaif, who questioned the motive behind such a large acquisition with the post, “SOMEONE BOUGHT 117M XRP?? 117M $XRP worth $362.6 MILLION From @UpholdInc to New wallet. A mega whale is loading up on XRP something BIG is coming!”
The transfer was confirmed to have taken place at 09:34:30 UTC and registered on ledger index 97,819,132. A fee of only 0.000015 XRP was charged for the transaction, underscoring the efficiency of the XRP Ledger even under high-volume transfers.
While the source was identified as Uphold, the destination address (rhJgQ4Cbg7vACGVuGusakFmr2nheCRefBS) was previously unrecognized in the ecosystem, suggesting it belongs to a new or private wallet, consistent with accumulation activity typically associated with institutional or high-net-worth investors.
🚨 SOMEONE BOUGHT 117M XRP??
117M $XRP worth $362.6 MILLION From @UpholdInc to New wallet
🐋 A mega whale is loading up on XRP something BIG is coming! 🌊👀 pic.twitter.com/xLA0u2AgoV
— Xaif Crypto🇮🇳|🇺🇸 (@Xaif_Crypto) July 30, 2025
XRP Community’s Reactions and Speculation
Following Xaif’s post, several users on X offered their interpretations of the transaction. One user known as X Finance Bull expressed that moves of this scale strengthen their long-term investment position, stating, “Seeing big players load in like that boosts my conviction, my $XRP bags are locked in for the long haul.” Another user speculated on a more strategic motivation, writing, “Maybe it was Trump Buying #XRP for Strategic Crypto Reserves.”
The Trump administration is currently in the spotlight for its interest in shaping national digital asset strategy. With the White House scheduled to release its inaugural crypto policy report today, this sudden purchase has fueled speculation about potential government involvement or insider anticipation of favorable developments.
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Strategic Timing and Policy Context
This transaction comes amid heightened anticipation within the XRP community. The White House is expected to disclose its position on digital assets and may reveal the contents of an initial strategic stockpile. Such announcements are widely seen as potential inflection points for asset valuation and adoption narratives.
In recent months, the Executive Director of the White House’s President’s Council of Advisers on Digital Assets, Bo Hines, made remarks suggesting that XRP could be considered for inclusion in national digital holdings. While no official confirmation has been given, those comments continue to generate expectations among investors.
The timing of the whale transaction, just hours before the expected release of the crypto policy report, has raised further interest. While some believe it could be unrelated, others argue that the scale of the purchase and its proximity to a major policy milestone are unlikely to be coincidental.
The 117 million XRP transfer may indicate positioning by a high-net-worth individual or institution ahead of expected regulatory clarity. The XRP Ledger’s low transaction fees and fast settlement times remain attractive to large players moving significant value, particularly in a moment when regulatory frameworks may soon shift in favor of certain assets.
While the identity of the buyer remains undisclosed, the transaction has added to speculation that institutional or even governmental actors may be preparing for an XRP-inclusive digital future.
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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