According to a report from Whale Alert, 110,193,345 XRP worth $244.8 million moved from one unknown wallet to another. The alert did not list any owners or links to known platforms. Once the sender and receiver details became visible, the move took a clearer shape.
Details of the Transaction
Whale Alert is a whale tracker that gives quick updates on large transactions. Whale activity is common in the XRP ecosystem, but Whale Alert did not provide any other facts about the wallets. The alert shows the size and direction of the transfer. The details came from the wallet pages.
The sender’s account name shows as BTC Markets (1). The account history goes back to June 14, 2017. It shows a Next sequence of 161, which means the wallet has been used many times. While the alert says the sender was unknown, the displayed label suggests that an exchange environment may control this wallet.
🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 110,193,345 #XRP (244,826,940 USD) transferred from unknown wallet to unknown wallethttps://t.co/IwbG4SzAKc
— Whale Alert (@whale_alert) November 27, 2025
The Receiver’s Account Structure
The receiving wallet has a different setup. The account came online on November 6, 2025. It was activated by BitGo Initialization Wallet (Self-custody). The Next sequence number sits at 100,032,694, which shows heavy activity. After the transfer, the wallet holds 110,193,351.599957 XRP.
The account also uses multisig, keeps its master key disabled, and requires a destination tag. These settings are common in controlled systems where access and approval must remain tight. Its structure suggests that a group or institution controls it, not a casual user.
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What the Profiles Suggest
The information from both accounts gives context that the original alert did not show. The sender appears tied to a known exchange. The receiver shows signs of a secure, self-custody setup. ButGo’s involvement is also intriguing, as the exchange recently ran out of XRP.
However, this mix points to internal movement, liquidity actions, or a shift between custody layers. There is no proof of the intent behind the transfer, but the account features reduce the list of possible reasons.
Large XRP transfers happen often, but the size of this one stands out. The value at the time of the alert reached $244 million. This places it among the biggest moves of the week. However, this activity is more likely exchange-related and not part of the regular whale activity in the ecosystem.
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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