Ripple Moves 250 Million XRP to Unknown Wallet; 49,999,989 XRP Transfer Appears Linked to FTX Subwallet

• 250,000,000 XRP moved by Ripple to an anonymous Ripple50-affiliated wallet (~$703.9M).

• Blockchain trackers Whale Alert and XRPscan recorded the transfers and noted escrow-release timing.

• 49,999,989 XRP (≈$140,841,434) transferred simultaneously; on-chain analysis suggests the funds moved to a subwallet linked to the defunct FTX exchange.

Ripple 250 million XRP transfer: Ripple moved 250,000,000 XRP to an anonymous wallet ($703.9M). Read breakdown of 49,999,989 XRP move and implications. More info.

What happened in the Ripple 250 million XRP transfer?

The Ripple 250 million XRP transfer refers to a movement of 250,000,000 XRP from Ripple-controlled addresses to an anonymous wallet flagged by Whale Alert and visible on XRPscan. The amount is valued at roughly $703.9 million and appears to come from the company’s routine monthly escrow unlocks.

How was the 250,000,000 XRP moved and what does it mean?

On-chain data shows the funds left a Ripple-affiliated wallet labeled Ripple50 and landed in an unknown address. Ripple typically unlocks 1,000,000,000 XRP from escrow monthly, retaining about 300,000,000 XRP and returning the remainder; this transfer aligns with that cadence.

Analysts say such transfers commonly fund operational costs, Ripple Payments activity, OTPs, and strategic investments. Sources: Whale Alert, XRPscan, and public escrow records (referenced as plain text).

How was 49,999,989 XRP transferred and who received it?

Simultaneous on-chain alerts recorded a 49,999,989 XRP movement (≈$140,841,434). Whale Alert labeled it “unknown wallet to unknown wallet.” Independent on-chain observers—cited as XRPscan analytics and the XRPwallets account—report the funds moved into a subwallet associated with the defunct FTX exchange.

Frequently Asked Questions

Was the 250,000,000 XRP transfer confirmed by multiple trackers?

Yes. Independent trackers Whale Alert and XRPscan both recorded the 250,000,000 XRP movement. On-chain visibility confirms the sender label Ripple50 and the anonymous destination address.

Could the transfer be part of Ripple’s normal operations?

Yes. The amount and timing align with Ripple’s monthly escrow unlocks, commonly used to fund operations, payments, and investment activities. Public escrow records show recurring monthly releases.

Is the 49,999,989 XRP linked to Chris Larsen?

Some on-chain observers reported a related 50,000,000 XRP movement to a wallet tied to Chris Larsen, a Ripple founder and former CEO. These claims are based on wallet-tagging from on-chain analytics, not on official Ripple statements.

Key Takeaways

• Major transfer: Ripple moved 250,000,000 XRP (~$703.9M) to an anonymous Ripple50-affiliated wallet.
• Concurrent move: 49,999,989 XRP (~$140.8M) transferred simultaneously to an unknown subwallet, reported as linked to the former FTX exchange.
• Context & action: Transfers match monthly escrow behavior; monitor on-chain feeds (Whale Alert, XRPscan) and official Ripple updates for confirmations.

Conclusion

This report consolidates on-chain evidence that Ripple moved 250,000,000 XRP to an anonymous Ripple50-affiliated wallet and that 49,999,989 XRP changed hands at the same time. The movements align with public escrow-release patterns and were flagged by Whale Alert and XRPscan.

For ongoing coverage and real-time tracing of large XRP flows, consult on-chain trackers and public escrow records; COINOTAG will continue to monitor and report updates.