Reports Claim Movement of XRP Funds worth Millions to Unknown Wallet

Earlier today a huge fund of XRP cryptocurrency was transferred to an unknown wallet, the event took place on Bitstamp wallet. Both the sending and receiving wallets still remain unknown and the value of the funds is estimated to be 5,492,146 USD.

Huge XRP funds moved from the mysterious wallet, not the first time

On Thursday, a known Twitter account @whale_alert reported 15,000,000 XRP valued 5492146 USD were transferred from Bitstamp to an unknown wallet.

https://twitter.com/whale_alert/status/1078327426634137600?ref_src=twsrc%5Etfw

Nevertheless, the activity was out of sight for the vast community of crypto enthusiasts but soon the news spread and crypto enthusiasts started investigating the transfer.

It’s not the first time, in fact, a few days ago, on December 26, 2018, Whale Alert reported the transfer of 90, 000, 000 XRP from unknown wallet to unknown wallet. You will be surprised to know that the migration of those cryptos was valued 33,493,911 USD.

https://twitter.com/whale_alert/status/1078130712325341184?ref_src=twsrc%5Etfw

Consequently, none of the crypto companies including Ripple Inc. or any other exchange has taken responsibility for these transfers.

It’s not only XRP, but there are also few more obscure transfers found in other cryptocurrencies too. It includes 30,000 ETH from Poloniex to an unknown account which was eventually counted 3,753,509 USD. 1690 BTC, valuing 6,394,654 USD and 13,156,924 XRP from Bitstamp to unknown wallets and many other crypto funds from top cryptocurrency trading platforms including Binance, Bitfinex, and Bithumb.

What do you think about such series of huge Crypto transfers to an unknown wallet? Share your opinions.

Recommended
Price Analysis

Best Crypto Presales To Invest In September 2025 – Top Upcoming Presale Tokens

Best Crypto AI Trading Bots In 2025

Top Meme Coins To Buy In September 2025

Tabassum

Tabassum is a full-time content writer at Coingape. Her passion lies in writing and delivering apt information to users. Currently, she does not hold any form of cryptocurrencies. Follow her on Twitter at @Tabassumnaiz and reach out to her at Tabassum[at]coingape.com

Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.

Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.