78 Million XRP Transferred Amid Whale Sell-Off and ETF Launch

2025-11-17 20:18

A significant transfer of 78,290,827 XRP, worth approximately $175.7 million, occurred on November 17, 2025, between two unidentified wallets. The transaction, reported by Whale Alert, was initiated by BitGo, a prominent crypto custody provider. This movement coincides with the launch of the Canary XRP ETF, sparking speculation about institutional interest and potential market impacts. In a related development, over 200 million XRP tokens were sold by whales within a 48-hour period, contributing to price volatility and raising concerns about the cryptocurrency's stability. The sell-off and large transfer have fueled discussions about the future direction of XRP in the market.

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