A newly activated XRP wallet received 140.35 million XRP — worth approximately $167.7 million — in a single transfer executed on November 6, 2026, at 4:40 PM UTC, according to transaction records. The receiving address, identified as rMc…uXB, obtained the tokens just as XRP lost the $1.20 support level, a threshold that had remained intact since August. Support levels denote price zones where buying interest has previously slowed declines, which is why their loss is closely watched by technical traders. The token subsequently reached an intraday low of $1.17.

At the time of reporting, XRP was trading around $1.17, down 17.4% over the previous 30 days.

Newly Activated XRP Wallet Holds 140 Million Tokens

Blockchain records indicate that the receiving wallet was first activated on October 5, 2026. Following activation, the address remained largely inactive, holding only 32 XRP before the latest transfer lifted its balance to approximately 140.35 million XRP. On the XRP Ledger, a new account must hold a minimum reserve of XRP to be activated, a protocol requirement that explains why freshly created addresses typically carry small balances before receiving larger transfers.

No outgoing transactions have been recorded since the funds arrived, meaning the wallet continues to hold the entire amount at the time of reporting. While the absence of outgoing transactions could be consistent with an intention to retain the assets, the available on-chain history does not establish the holder's intentions or confirm whether the transfer represents a new investment position.

140 Million XRP Transfer Shows a Connection to Bitstamp

Further examination of the transaction history reveals a link between the receiving wallet and its sender, identified as rN3…opY. The sending address activated the receiving wallet in October, tying the two addresses together from the beginning of the latter's activity.

Neither address carries a publicly identifying label that establishes its ownership. As a result, the available blockchain data cannot determine whether the wallets belong to an individual investor, an institution, or another entity. The connection between the addresses also raises the possibility that the 140 million XRP movement was an internal wallet reorganization rather than a newly executed market purchase.

The sending wallet has an additional historical connection to Bitstamp, one of the longest-operating cryptocurrency exchanges, having launched in 2011. Its transaction history traces back to an address affiliated with the exchange, which activated the wallet in January 2026. The sending address has not interacted with another Bitstamp wallet since that initial connection, and it retained approximately 238 million XRP after transferring the 140,351,238 tokens to the newly activated address.

According to the available transaction history, the sending wallet's entire holdings — including the recently transferred amount — originated from the same Bitstamp-linked source. That connection provides additional context but does not independently establish who controls the wallets or the purpose of the transfer.

XRP Whale Holdings Increase as Large Investors Move Tokens

The 140 million XRP transaction occurred during a broader period of increased activity among large token holders, commonly referred to as "whales" in market commentary. Crypto analyst Ali Martinez reported that whale holdings grew by approximately 60 million XRP over the previous seven days.

Another major movement was recorded on November 4, when 418.5 million XRP left Binance. According to analyst Darkfost, the transfer marked the exchange's largest single-day XRP outflow in nine months. Analysts monitor exchange flows because tokens held on an exchange can be traded on short notice, whereas balances moved off-platform are frequently weighed as potential candidates for longer-term custody.

Data from blockchain analytics platform Santiment also showed an increase in the number of large XRP holders. Wallets holding at least 1 million XRP reached 2,147, the highest level recorded in 2026.

These figures point to increased activity among major XRP holders during the market downturn. However, wallet movements and exchange outflows do not necessarily confirm that every transaction represents buying activity or long-term accumulation.

XRP Price Remains Under Pressure Despite Growing Whale Activity

Growing whale activity has so far failed to produce an immediate recovery in XRP's market price. On November 6, the token fell 9.8% within 24 hours to approximately $1.18, its weakest level since August 22.

The decline followed an unsuccessful recovery attempt that had pushed XRP toward $1.35. Sellers subsequently regained control, reversing the upward move and placing renewed pressure on the cryptocurrency.

Broader financial market weakness also contributed to the negative environment. The Nasdaq Composite dropped 5.5% on November 5, while Bitcoin retreated toward $76,000. XRP recorded an approximately 5.5% decline over the same 24-hour period amid the wider market weakness.

With XRP trading near $1.17, the latest whale transfer and rising large-holder activity have become notable developments during the downturn. Nevertheless, the ownership of the newly funded wallet remains unidentified, and the available blockchain evidence does not confirm whether the transaction represents fresh accumulation or an internal transfer. Any future outgoing transfers from the address — particularly interactions with exchange platforms — would offer clearer evidence of how the funds are being managed.

Source: The Crypto Basic, reporting by Ethan Collins.