The popular blockchain thru alert tracking large cryptocurrency transfers has noticed two large crypto transactions, carrying almost 60 million XRP cumulatively.
They were made primarily between anonymous wallets, but the crypto community got caught up in a heated debate and talked about its potential participants. However, another blockchain tracking account stepped in to clarify the data that Whale Alert shares.
56,698,207 XRP on the move
Whale Alert discovered two large XRP forwardings created in the past day: 40,000,000 XRP and 16,698,207 XRP. These crypto chunks were valued at $131,081,333 and $55,279,692 on Fiat at the time of the commencement of transactions.
The first and large XRP chunks moved from one anonymous wallet to another, and the second, started by an unknown wallet, landing on Coinbase, the largest cryptocurrency exchange in the United States.
While the community was intensively debating the nature of these transfers (some crypto enthusiasts even suspect that it is a money laundering transaction), Analytics X Account @xrpWallets has published two posts to clarify these crypto transfers.
According to it, the larger one that moved 40,000,000 XRP was done by Ripple Giant as it moved the XRP to one of its wallets for external use.
Ripple 50 to Ripple 50 sub Willet for ETPS, trust. Other investments.
* Quite a large transaction to the destination source. This is a frequent transaction. You can check the total amount of Ripple Holdings/Escrow with external tracking. https://t.co/dw5sljxo47
– XRP_LIQUITITY (LARSEN/BRITTO/ESCROW/ODL/RLUSD) (@XRPWALLETS) August 9, 2025
Regarding the second transaction, @XRPWALLETS commented that it was also internal, but was created within Coinbase Crypto Exchange.
Coinbase Cold Wallet 394 to Coinbase 7
28 16.5m Each cold wallet remaining in XRP https://t.co/zvr666irlnk
– XRP_LIQUITITY (LARSEN/BRITTO/ESCROW/ODL/RLUSD) (@XRPWALLETS) August 9, 2025