A mysterious crypto whale purchased over 236.98 billion XRP on May 21, 2025. The transaction, recorded at 03:50:41 PM UTC in Ledger 96,272,895, originated from Kraken exchange and was sent to wallet address rns6NArrzCUwFUk2soU9vZCwJRNNaMURZGx, with a destination tag of 1234. Despite the massive volume—nearly a quarter of a trillion tokens—the price of XRP failed to budge, leaving analysts and investors puzzled.
Crypto market analyst DigitalG sounded the alarm on X, questioning why such a monumental buy order didn’t trigger even minimal price movement.
“When a whale buys more than a quarter of a billion XRP… without so much as a flicker in the unit price of XRP,” he posted, “surely even the most trusting will suspect this whole XRP market has a few fundamental issues.”
When a whale buys more than a quarter of a billion XRP a couple of hours ago, without so much as a flicker in unit price of XRP, surely even the most trusting will suspect that this whole XRP market has a few fundamental issues. pic.twitter.com/KPm2W9AFgu
— DigitalG (@DigitalG15) May 21, 2025
Concerns Mount Over Liquidity and Transparency
XRP’s muted response to this whale transaction has ignited renewed concerns about the token’s market structure. Typically, such a large buy would generate upward pressure on price due to increased demand. However, the market’s indifference points to a possible disconnect between on-chain activity and exchange pricing—a red flag for liquidity, demand, or potential manipulation.
Some analysts argue that Ripple’s escrow mechanisms, which periodically release large amounts of XRP into circulation, may contribute to artificial suppression of price volatility. Others highlight the role of opaque algorithmic trading and centralized liquidity control that makes true price discovery increasingly difficult to assess.
Also Read: Ripple RLUSD Gains Ground in Europe as USDT Exits Over MiCA Rules
Trust in XRP Market Integrity at Risk
The implications are serious. Retail investors relying on technical indicators may begin to question the accuracy of their tools when such large movements go unreflected in charts. Institutional players, too, may see this as a warning sign—an indication that XRP lacks the transparency and natural price dynamics expected of a mature financial asset.
DigitalG’s warning adds to the growing call for greater transparency and regulatory oversight in XRP markets. If questions about market integrity persist, they could undermine investor confidence at a time when XRP is trying to re-establish itself as a cornerstone of institutional crypto infrastructure.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
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