Over $97 Million Worth Of XRP Mysteriously Transferred From Turkish Exchange
•
June 1, 2025 7:57 pm
•
Comments
There are whales and mega whales!
A massive holder of XRP transferred 44.1 million tokens of XRP from a Turkish exchange to a private wallet.
The 44.1 million XRP are currently valued at over $97 million.
The wallet address the tokens were sent to is not associated with any major cryptocurrency exchanges which leaves the question, who is moving that much XRP?
The Bitcoinest covered the story more in depth:
A stunning movement of XRP has just been recorded, with 44.1 million tokens, worth over $97 million at current market price, transferred from Turkish crypto exchange Paribu to an unknown wallet.
The sudden move, initially flagged by an XRP investor known as Xaif on social media platform X, comes amid a projected wave of a giga pump forecasted by technical analysts conflicted by waning bullish sentiment surrounding the cryptocurrency.
On May 31, 2025, at precisely 09:51 AM UTC, a transaction involving 44,100,000 XRP was executed on the XRP Ledger. The source was identified as Paribu, one of Turkey’s most prominent cryptocurrency exchanges.
This makes the source even more interesting, considering it isn’t one of the more popular Western-based crypto exchanges. Nonetheless, the tokens were moved to wallet address “rKeWg9,” which is not previously associated with any major exchange or custodian.
Blockchain data confirms that the entire amount was delivered successfully, with a transaction fee of just 0.00001 XRP. As noted by the XRP analyst, this is most likely a message from a giant investor, pointing to an accumulation move.
This is is because a significant movement of crypto tokens off an exchange platform is mostly viewed as a sign of long-term holding that reduces selling pressure.
💥💥 BREAKING 💥
44,100,000 XRP Acquired from Turkish Exchange Paribu and Moved to Unknown Wallet!
🚀 The giants are waking up This is not just a move… it's a message. #XRP #xrplasvegas2025 pic.twitter.com/FKHSlJAAFK
— 𝕏aif🇮🇳|🇺🇸 (@Xaif_Crypto) May 31, 2025
Join the conversation!
We have no tolerance for comments containing violence, racism, profanity, vulgarity, doxing, or discourteous behavior. If a comment is spam, instead of replying to it please click the icon below and to the right of that comment. Thank you for partnering with us to maintain fruitful conversation.