A significant wave surged through the XRP market as the backdrop of institutional access shifted dramatically. Hours before the first U.S. spot XRP ETF debuted, a major on-chain transfer drew the spotlight—and possibly the first signs of meaningful positioning.
According to blockchain tracker Whale Alert, 110,526,316 units of XRP—valued at roughly USD 263.3 million—were moved between anonymous wallets. The transfer originated and landed in unidentified addresses, a pattern commonly associated with exchange routing or large-scale custodial reshuffling.
The transfer coincided with the certification of the first U.S. spot XRP ETF by Nasdaq, trading under ticker XRPC, marking a watershed moment for institutional XRP access. The ETF’s launch signals that conventional brokerages can now offer XRP exposure without requiring a crypto wallet.
🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 110,526,316 #XRP (263,273,418 USD) transferred from unknown wallet to unknown wallethttps://t.co/9KhqZ3mYwC
— Whale Alert (@whale_alert) November 12, 2025
Interpreting the Motivation
When a large amount of XRP moves between opaque addresses, three possibilities typically emerge: internal exchange rebalancing, custodial transfers ahead of an institutional product, or pre-sale preparation for a fund.
Because the destination and origin are both unknown, there is no direct evidence that the tokens are heading for the spot market. However, given the ETF context, the movement may reflect front-running by providers or custodians to establish inventory or to meet clearing or settlement obligations.
Impacts on Market Structure
With the ETF set to channel fresh capital into XRP, signals like this transfer matter. On the one hand, the reduction in liquid supply (if coins move into cold wallets) can tighten short-term dynamics.
On the other hand, if the transfer enters an exchange deposit sequence, it may herald a sell-side event. The market responded immediately: XRP rose about 3.3% to roughly USD 2.48, as volume spiked ahead of the open.
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What Traders Should Monitor
Market participants should watch for subsequent flows into known exchange wallets, which may suggest selling pressure. Conversely, large transfers into long-term storage hint at accumulation.
Tracking the ETF’s filings and custody statements will reveal if these directed flows relate to authorized participants or fund seeding. In addition, wallet tracking should focus on clusters of 100-million-XRP-plus moves, as prior multi-hundred-million transfers have preceded major turn-points in the XRP ledger.
In conclusion, the 110 million XRP transaction reported by Whale Alert crowns a moment of institutional transition for XRP. The unleashing of the spot ETF on Nasdaq opens access for broader capital, and the on-chain move may reflect the first stage of this evolution.
While motives remain opaque, the market should treat the flow as a meaningful input. Analysts and traders alike will now watch whether this is a harbinger of fresh demand or the prelude to deeper liquidity rotation.
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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