XRP News Today: XRP Whale Moves $362.6M to New Wallet Ahead of White House Crypto Policy Release

A significant XRP transaction has sparked widespread speculation across the cryptocurrency community, as a whale moved 116,973,599.999985 XRP—valued at approximately $362.6 million at the time of the transfer—from Uphold to a newly activated wallet. The transaction, confirmed at 09:34:43 UTC, was recorded on ledger index 97,819,132 with a minimal fee of 0.000015 XRP, highlighting the efficiency of the XRP Ledger during large-volume transfers [1].

The move was first brought to public attention by crypto analyst Xaif, who expressed surprise and raised the question of its motive, writing, “SOMEONE BOUGHT 117M XRP?? 117M $XRP worth $362.6 MILLION From @UpholdInc to New wallet. A mega whale is loading up on XRP something BIG is coming!” The transaction’s destination wallet, which had no prior activity, was identified as likely belonging to an institutional or high-net-worth investor, aligning with patterns of accumulation seen in major crypto markets [1].

XRP community members on X responded with a range of interpretations. One user, X Finance Bull, suggested the move reinforced their long-term confidence in XRP, saying, “Seeing big players load in like that boosts my conviction, my $XRP bags are locked in for the long haul.” Others speculated on the involvement of government actors, with one user humorously suggesting, “Maybe it was Trump Buying XRP for Strategic Crypto Reserves” [1].

The timing of the transaction has drawn particular attention, as it occurred just hours before the expected release of the White House’s inaugural crypto policy report. Analysts and investors have long anticipated how the administration will define its stance on digital assets, including potential strategies for national digital reserves. This context has led to speculation that the whale’s acquisition could be a pre-emptive position ahead of possible regulatory clarity or policy shifts that may favor XRP [1].

Bo Hines, Executive Director of the White House’s President’s Council of Advisers on Digital Assets, previously hinted that XRP could be considered for inclusion in national holdings, though no formal statement has been issued. As a result, the market is closely watching for signals that could indicate broader institutional or governmental interest in XRP, especially in the context of the administration’s broader crypto policy framework [1].

While the identity of the whale remains unknown, the scale and timing of the transaction have contributed to growing interest in XRP’s potential role in the evolving digital asset landscape. The XRP Ledger’s advantages, such as low fees and fast settlement times, continue to make it an attractive option for large-volume transfers, particularly during periods of regulatory uncertainty [1].

The broader market reaction remains to be seen, but the transaction has reinforced narratives around XRP’s strategic value, especially in a regulatory environment that may soon undergo significant developments. Investors are advised to conduct their own due diligence before making investment decisions, as market movements can be influenced by a range of unpredictable factors.

Source: [1] Whale Grabs 117M XRP from Uphold Before Key White House Announcement

https://coinmarketcap.com/community/articles/688a3369759c0a7d0966bb50/