XRP Whale Transfers and Ripple’s Exchange Connections

XRP whales make massive transfers to Bitstamp and Binance, raising questions about Ripple’s involvement.

A whale moving through the sand dunes with a XRP coin next to a man pointing at it.
Created by Kornelija Poderskytė from DailyCoin
  • Two significant XRP whale addresses have recently made substantial transfers to Bitstamp and Binance.
  • The transfers have coincided with Ripple’s unlocking of 1 billion tokens for June.
  • On-chain investigation has hinted at a potential association between one of the whale addresses and Ripple.

Two noteworthy addresses associated with XRP whales have recently made substantial transfers of approximately 100 million XRP, equivalent to $51 million, to the popular cryptocurrency exchanges Bitstamp and Binance


The timing of these transfers, just before Ripple’s scheduled unlocking of one billion tokens for June, has attracted attention and sparked curiosity within the crypto community.

Whale Alert Reports $12.24M in XRP Movement to Bitstamp

Whale Alert, a prominent platform specializing in tracking and reporting whale activities, brought these transactions to the forefront by highlighting them in separate tweets. The first transfer, which took place on May 31 at 20:33 (UTC), involved the movement of 23.5 million XRP, valued at $12.24 million, from an unidentified address to Bitstamp.

On-chain data analysis indicates that this enigmatic address was activated by Ripple itself, strongly suggesting a connection with the technology company. 

The exact purpose of this transaction remains elusive at the time of writing. Still, proponents speculate that it may be related to Ripple’s employment of On-Demand Liquidity (ODL) or potentially serve as funding for the company’s internal operations.

$38.83M XRP Transfer to Binance An Internal Maneuver?

Two hours after the Ripple-related movement, an unidentified wallet initiated a transfer of 75.9 million XRP, with a value of $38.83 million, to Binance. Although it may appear paradoxical, data obtained from Bithomp suggests that Binance indeed activated the sending address.

This intriguing revelation leads to the plausible conclusion that the wallet might also be affiliated with the exchange, indicating that the transaction was likely an internal maneuver.


While this recent transaction captures attention due to its magnitude, it is not entirely unprecedented, considering Binance’s involvement in previous large-scale whale transfers of XRP. 

Earlier this year, the exchange orchestrated a transfer of 34 million XRP when Ripple moved 100 million tokens to an unknown wallet, showcasing a pattern of significant movements within the ecosystem.

On the Flipside

  • The affiliation between one of the whale addresses and Ripple is based on on-chain data analysis, which may not provide conclusive evidence of direct involvement or ownership.
  • The acquisition of Bitstamp shares by Ripple from Pantera Capital, though disclosed, does not necessarily imply a direct correlation with the subsequent XRP transfer. 
  • While the movement of millions of XRP tokens by Binance has occurred in the past, it is essential to highlight that these transfers may not always signify significant market implications, as they could be part of Binance’s internal operations or account management.

Why This Matters

The recent movement of substantial amounts of XRP by prominent whale addresses to leading cryptocurrency exchanges, Bitstamp and Binance, raises intriguing questions about Ripple’s activities and potential developments within the ecosystem. 

These transactions, combined with Ripple’s growing ties with these exchanges, provide valuable insights into the dynamics of the digital asset landscape and pique the interest of crypto enthusiasts seeking a deeper understanding of the industry’s evolving landscape.

To learn more about the recent court battle resolution that led to XRP breaking the $0.50 level, read here:

XRP Breaks $0.50 Level Ahead of Court Battle Resolution

To delve into the two highest address activity spikes in XRP’s history, read here:

XRP Records Two Highest Address Activity Spikes in History


What happens when a crypto whale sells?

When a crypto whale sells, it can cause a significant price drop in the market. This is because whales typically hold large amounts of cryptocurrency, so when they sell, it can flood the market with sell orders. This can cause the price to drop quickly as other traders see the sell orders and start to sell their own cryptocurrency.

How many XRP holders are there?

According to the Ripple website, there are over 40 million XRP holders. This number has been growing steadily in recent years as more and more people learn about the benefits of using XRP.

Is XRP still on Bitstamp?

Yes, XRP is still listed on Bitstamp. Bitstamp is a popular cryptocurrency exchange that allows users to buy, sell, and trade XRP.

How do I get XRP out of Bitstamp?

To get XRP out of Bitstamp, you can follow these steps:

1. Log in to your Bitstamp account.
2. Click on the “Withdraw” tab.
3. Select “XRP” from the list of cryptocurrencies.
4. Enter your XRP wallet address.
5. Enter the amount of XRP you want to withdraw.
6. Click on the “Withdraw” button.

Bitstamp will then process your withdrawal request and send the XRP to your wallet address.

This article is for information purposes only and should not be considered trading or investment advice. Nothing herein shall be construed as financial, legal, or tax advice. Trading forex, cryptocurrencies, and CFDs pose a considerable risk of loss.

Kyle Calvert

Kyle Calvert is a cryptocurrency news reporter for DailyCoin, specializing in Ripple, stablecoins, as well as price and market analysis news. Before his current role, Kyle worked as a student researcher in the cryptocurrency industry, gaining an understanding of how digital currencies work, their potential uses, and their impact on the economy and society. He completed his Masters and Honors degrees in Blockchain Technology within Esports and Business and Event management within Esports at Staffordshire University.