Key Points
- •Ripple's $55M XRP transfer is an internal airdrop event.
- •XRP price briefly fell below $3.
- •No substantial whale-driven liquidation occurred.
A substantial $55 million XRP transfer occurred in October 2025, involving Ripple-controlled wallets for the Midnight Glacier Airdrop, sparking market discussions as XRP briefly fell below $3.
The internal XRP allocation by Ripple emphasized market overreaction, highlighting internal wallet management without a sell‑off, affecting XRP volatility but confirming stability upon deeper analysis.
The $55 million XRP transfer in October 2025 was an internal reallocation within Ripple's wallets, tied to the Midnight Glacier Airdrop by the Midnight Foundation. The transaction did not represent a market sell‑off. According to a crypto analyst, the narrative around the transfer emphasizes it's an internal allocation rather than a market sell‑off, supported by various on‑chain analyses and tracking data.
Ripple, Inc. handled the transfer between its Ripple (31) and Ripple (1) wallets. These actions were part of an internal restructuring, without market speculation or direct sales.
Following the transaction, XRP prices briefly fell below $3. Despite this, on‑chain data confirmed no direct sell‑off had occurred, contradicting initial concerns of a market dump.
Financial markets observed a temporary price fluctuation in XRP. This was primarily due to the misconstrued narrative surrounding the transfer, unrelated to broader market trends. Whale Alert also detected the transaction, which you can view here:
The SEC's ruling in August 2025, labeling XRP as a utility token, remains relevant amid pending ETF applications. No new compliance issues emerged post‑transaction.
XRP continues to be influenced by overall market conditions and regulatory developments, including potential ETF approvals. These factors are critical for assessing future market dynamics.