A major on-chain transfer of 17,555,420.001849 XRP was recorded on 28 September 2025, originating from a Kraken-linked source and moving to a single destination wallet.
The transfer was validated in ledger #99149205 at 07:44:41 UTC, carrying a destination tag of 1234. The transaction was confirmed as successful, with a ledger fee of 0.006 XRP, which equates to less than one cent.
The delivered amount, when converted using the price reference at the time, reflects an approximate valuation of $48.8 million. The sheer size of the transfer places it firmly in the category of whale activity, underscoring its significance within the current trading environment.
Valuation and exchange connection
Based on a per‑token estimate of around $2.78, the transfer equates to roughly $48.8 million. This aligns with the approximate value displayed in the record itself, where the figure was rounded to $48.9 million.
The origin point listed in the screenshot is Kraken, a major cryptocurrency exchange, indicating that the transfer could either represent a large‑scale purchase, a withdrawal, or an internal allocation.
The movement of such a substantial amount from an exchange address naturally draws attention, as it suggests the involvement of a major market participant or institutional‑grade allocation.
BREAKING:
A crypto whale just snagged 17,555,420 XRP in a monster buy!
That’s over $48.8 million($2.78 per $XRPpic.twitter.com/7DiBEt8hEv
— Xaif Crypto
|
(September 28, 2025)
Market interpretations from observers
Responses highlighted beneath the post presented differing perspectives on the significance of the transfer. One observer noted that large holders rarely act without intent, framing the move as a sign of strong conviction.
Another highlighted the return of whale‑level flows as an encouraging development, suggesting that this points to accumulation rather than short‑term market manipulation.
A further reaction indicates the broader state of the XRP Ledger as the network shows a high level of on‑chain activity.
We are on X, follow us to connect with us :- @TimesTabloid1
— TimesTabloid (June 15, 2025)
Analytical considerations
The movement of more than 17.5 million XRP provides a clear signal that significant transactions are active on the network, but the underlying purpose of the transfer remains open to interpretation.
It is worth noting that exchange‑linked addresses can represent a range of possibilities, from a single entity purchasing and withdrawing tokens to internal restructuring within the exchange’s wallets.
While the market commentary presented with the transaction leans toward viewing the event as an accumulation, a cautious approach acknowledges that further data would be required to determine its precise nature.
What can be stated with certainty is that the magnitude of the transfer, the exchange‑linked source, and the low cost of execution are clear on‑chain facts that demonstrate the scale at which the XRP Ledger is currently operating.
Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.