$165,955,281 XRP, Binance and Kraken: What's Going On?
Analysis
Price Impact
LowThe large xrp transfer, initially flagged by whale alert, was quickly identified by on-chain analysts as movement between kraken and binance subwallets. this suggests internal exchange operational activities like liquidity rebalancing or market maker logistics, rather than a direct whale market manipulation, thus mitigating significant immediate price impact.
Trustworthiness
HighThe identification of 'unknown wallets' as exchange subwallets by on-chain analysts is a common and credible explanation for large transfers, indicating operational plumbing rather than mysterious private transactions. the source references whale alert and on-chain analysis.
Price Direction
NeutralWhile xrp is in a 'fragile price environment' and 'testing post-distribution support zones,' the transfer itself is likely an internal exchange matter. such movements are typically neutral for price direction as they don't inherently signal a large buy or sell order directly entering the open market from a single entity.
Time Effect
ShortOperational transfers between exchanges for liquidity management or market making are short-term adjustments. they address immediate internal needs but generally do not dictate long-term price trends, which are influenced by broader market sentiment and fundamental developments.
Original Article:
Article Content:
Cover image via www.freepik.com Read U.TODAY on Google News A $165.9 million XRP transaction has set off alerts among on-chain trackers, but it is not what it seems at first glance. Whale Alert flagged the transfer of 116,661,476 XRP between unidentified wallets, raising suspicions of a large-scale private transaction. Advertisement However, on-chain analysts quickly determined that the sender and receiver were actually subwallets of two major crypto exchanges — specifically, Kraken and Binance. With XRP close to $1.41 and testing post-distribution support zones, the choice of timing raises questions. In this fragile price environment, any large wallet move can spook the market, but the context here points to organized venue activity. HOT Stories Bitcoin Hashrate Plunges 10% Crypto Market Review: XRP's $991 Million Bounce, Ethereum (ETH) Back in Green Zone, Shiba Inu (SHIB) Only Looking Up What's going on with XRP, Binance and Kraken? Whale Alert recently logged a $165,955,281 XRP transfer, with 116,661,476 XRP moving from one "unknown wallet" to another. While this wording sounds mysterious, it often just means that the addresses are not publicly labeled in Whale Alert’s default view; it does not mean that the coins came from nowhere. Advertisement 🚨 🚨 🚨 🚨 🚨 🚨 🚨 116,661,476 #XRP (165,955,281 USD) transferred from unknown wallet to unknown wallet https://t.co/UolceiQMIG?from=article-links — Whale Alert (@whale_alert) February 9, 2026 The part that made people look twice was that a separate wallet-watching account linked the flow to a Kraken subwallet heading to a Binance subwallet. If that mapping is correct, it is less of a "whale vanishing into the fog" situation and more of an "exchange plumbing happening in public" situation. You Might Also Like Mon, 02/09/2026 - 09:27 XRP Over Bitcoin? 13-Year-Old Ripple Validation Resurfaces By Godfrey Benjamin Advertisement If this is accurate, it suggests: Liquidity rebalancing. Operational batching. Market maker logistics. OTC or settlement flow. On the daily XRP/USD chart, the price is near $1.41, with the session marked down about 1.47%. The chart's broader structure shows a long fade from the summer highs into the February lows. The only reasonable conclusion at this point is that the market context is fragile. Everything else depends on follow-through: subsequent deposit clustering, wallet labeling confirmation and whether the XRP supply actually appears on the spot market after the transfer. #XRP #XRP News #Ripple News