So there I was, minding my own business, when suddenly Whale Alert—crypto’s answer to an obsessive-compulsive birdwatcher—starts shrieking: someone just shuffled nearly $107 million in XRP around the blockchain. A sum like that could buy you, well, several small islands or, if you prefer, an absolutely astonishing amount of avocado toast.
According to these unsleeping blockchain sleuths, 46,495,041 XRP took a jaunt from one “anonymous” wallet to another, which is blockchain-speak for “no idea who, no idea why.”
🚨 🚨 🚨 🚨 🚨 46,495,041 #XRP (106,691,613 USD) transferred from unknown wallet to unknown wallet
— Whale Alert (@whale_alert) May 9, 2025
This left the entire XRP community in the throes of speculation, which is a polite way of saying Twitter was a mess. Was it a secretive over-the-counter (OTC) deal? Are bullish XRP whales back for an encore? Or did someone’s cat just strut across their hardware wallet?
$107 Million in Ripple, and Not a Tip to Be Found
Of course, the price of XRP responded the only way it knows how—in dramatic swings. First, it wobbled up 4.25% in what one could optimistically call a “jaunty climb,” then had a bit of a wobble, fell back 1.49%, then promptly regained its composure for another 2.13%. As of right now, it’s at $2.3409. If you bought a coffee with XRP Thursday morning, you probably could have paid for your lunch by afternoon.
This rollercoaster was all set off, mind you, by Bitcoin soaring past the $100,000 mark for the first time since January, causing approximately 17,000 crypto influencers to tweet something with rocket ship emojis.
Oh, yes—the cherry on this market madness sundae: after five years of squabbling longer than most Hollywood marriages, the SEC and Ripple apparently decided that maybe, just maybe, they’ve shared enough angry legal memos to last a lifetime. There’s talk of an actual agreement. Expect a commemorative NFT to celebrate, probably.
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2025-05-09 11:07