19,000,000 XRP Transfer Worth $61.3M Sparks Speculation After Upbit Wallet Shuffle
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Aug 13 2025XRP Transfer Sparks Speculation: A significant transfer of 19 million XRP from Upbit, valued at approximately $61.3 million, initially raised speculation about large withdrawals or institutional activity among traders.
Routine Liquidity Management: Further investigation revealed the transfer was an internal reorganization within Upbit's wallets for liquidity management, with XRP's price remaining stable despite the large movement.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
