38 Large Transactions Over $1 Million in XRP Occurred in One Day

In the Ripple (XRP) ledger, there were 38 large transactions exceeding $1 million within a 24-hour period. This represents a 280% increase compared to normal levels, but it remains uncertain whether these transactions were purchases or sales. According to CryptoBriefing, the surge in large transfers could be interpreted as selling pressure on exchanges, repositioning by custodians, or over-the-counter settlements, making it difficult to draw clear conclusions. While whale transactions indicate that large amounts are being moved, they do not directly imply price direction. Due to the structure of XRP, Ripple has stated that as of June 30, 2026, 32.6 billion XRP will be locked in escrow. Escrow is a mechanism that keeps assets locked until certain conditions are met, and large wallet movements can be interpreted alongside price discussions. This surge in transactions is related to a significant drop in daily settlement volumes on the XRP ledger, emphasizing that it is challenging to assess network demand or price direction based on a single indicator. The Block reported that large holders of Bitcoin, Ethereum, and Ripple are increasing their holdings during price pressure periods, but it noted that XRP has not yet confirmed a breakout. For now, the key fact is that there have been 38 transactions of XRP exceeding $1 million in a single day.

This content is provided for general informational purposes only and doesn't constitute financial, investment, legal, or tax advice. Any events, rewards, online promotions, or related information mentioned herein should not be considered a recommendation, solicitation, or invitation to purchase, sell, trade, or otherwise deal in any crypto assets. Crypto assets are highly volatile and may result in loss. The availability of WEEX services, products, and related events may vary by region. You are responsible for ensuring that your participation is in accordance with applicable local laws and regulations.