First Huge 500,000,000 XRP Transfer in 2025 Occurs — What's Happening?

Prominent blockchain sleuth Whale Alert, which tracks large cryptocurrency transfers, has spread the word about the very first massive $XRP transfer in 2025. This hefty transaction carried half a billion $XRP coins.

Historically, there is only one entity that unlocks huge amount of $XRP at the beginning of a new month but it is unclear if it is connected with the above-mentioned transfer.

500 million $XRP shoveled on Jan. 1

Whale Alert revealed that roughly five hours ago, an anonymous transfer carrying half a billion $XRP took place as this large lump of crypto was moved from one anonymous blockchain address to another. This huge amount of $XRP was valued at a staggering $1,070,455,137 in fiat at the current $XRP/USD exchange rate of $2.13 per coin. This year $XRP has demonstrated a staggering price rally, soaring from $0.6 in December to a high of nearly $3 earlier this month.

Details revealed by the Bithomp $XRP-centered explorer show that the transaction was initiated by Ripple blockchain giant. On the very first day of every new month, Ripple usually transfers 1 billion $XRP in several regular consecutive withdrawals from escrow.

As a rule, Whale Alert displays all these two or three transactions, but today this data tracker noticed only one transaction of such a mammoth size.

30 million $XRP goes to top Korean exchange

Whale Alert also revealed that a large amount of crypto — 30,000,000 $XRP — was transferred to a leading cryptocurrency exchange in South Korea, Bithump.

The 30 million $XRP constitutes $64,034,753 in fiat and that $XRP chunk was deposited to the aforementioned platform from an anonymous digital wallet. Many traders are currently locking in their profits, moving large amounts of $XRP and other cryptos to digital exchanges to sell.