Giant XRP Bag Worth $224 Million Relocated, Pattern Points to Big Player
Analysis
Price Impact
MedA massive $224 million xrp transfer occurred, landing in a bitgo custodial subwallet from a btc markets address. while not a direct exchange deposit for selling, such large movements into custody often precede institutional accumulation or new strategic storage, suggesting a reduction in available supply or increased holding intention.
Trustworthiness
HighThe data is sourced from reputable on-chain trackers, whale alert and xrpwallets, which accurately identified the transfer and its destination. the interpretation aligns with common patterns for institutional asset management.
Price Direction
BullishThe transfer to a custodial wallet, especially one associated with institutional activity (bitgo), suggests accumulation rather than distribution. this reduces immediate selling pressure and could indicate long-term holding or strategic positioning by a significant player, which is generally a bullish signal for the asset.
Time Effect
LongInstitutional movements of this magnitude into secure custody typically reflect long-term strategies, such as building exposure or establishing new treasury holdings, rather than short-term trading. the impact would unfold over an extended period as these holdings are managed or potentially added to.
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Article Content:
Cover image via U.Today Read U.TODAY on Google News As reported by Whale Alert , a single transfer of 110,193,345 XRP , worth about $224 million, landed on-chain and immediately became the biggest XRP move of the week. Its size alone made it stand out. At first, both the sender and the receiver were labeled as unknown, which is standard when new addresses pop up, but the follow-up mapping changed things. Advertisement Wallet tracker "XRPWallets" later confirmed that the money came from a BTC Markets address and ended up in a BitGo subwallet. That kind of routing usually points to a new custody setup or the launch of a fresh storage branch rather than a quick trading move. It also lines up with how institutions prepare big allocations before they show up on ETF accounting or treasury books. The data does not confirm Ripple's involvement , but the pattern looks like past movements, where Ripple-connected addresses moved large holdings through custodial layers. HOT Stories Crypto Giant Upbit Discloses $37 Million Hack on Solana Network Ripple Accelerates RLUSD Mints on XRPL XRP Price Forms Golden Cross, Shiba Inu Makes 1.36 Trillion SHIB Comeback, Legendary Trader Brandt Reveals ‘Dead Cat’ on Bitcoin (BTC) Chart – Crypto News Digest Bitcoin (BTC) Prints Insane 36,380% Liquidation Imbalance 🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 110,193,345 #XRP (244,826,940 USD) transferred from unknown wallet to unknown wallet https://t.co/IwbG4SzAKc — Whale Alert (@whale_alert) November 27, 2025 The chart did not give any indication that such a transfer was on the horizon. XRP was trading near $2.20, with low volatility and narrow candles, holding a midrange zone that has been a neutral area for weeks. The transfer did not hit exchanges, did not split across multiple routes and did not display any distribution behavior. It went straight into a clean custody pocket and stayed there. Advertisement What's next? Two options On the current market, this is important because $224 million is not just some random number. Liquidity is lower than it was in early fall, and any major move of XRP raises questions about what's being prepared. You Might Also Like Thu, 11/27/2025 - 06:28 Legendary Commodity Trader Predicts XRP Will Do ‘Quite Well’ By Alex Dovbnya If the new BitGo segment is linked to an institution building long exposure, the tokens are probably going to stay right where they are. If it is an internal reshuffle, it is still one of the biggest single relocations of the month. #XRP #XRP News #Ripple News