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XRP whale moves $106M worth of tokens to new wallet amid price dip

Market News
20 Oct 2026
Bitcoin
View Source
Neutral
XRP whale moves $106M worth of tokens to new wallet amid price dip

An XRP wallet that accumulated nearly 300 million XRP when prices hovered around $2 transferred 82.3 million XRP, valued at about $106.6 million, to a newly created address on October 20, 2026. The wallet initially received these tokens between November 2025 and February 2026, averaging an acquisition price of $2.06 per XRP, while the current price is around $1.30, reflecting a 37% paper loss. This transfer is seen as a possible custody reshuffle rather than a sell-off, as traders await any moves to exchange deposit addresses that might signal selling. XRP's price has shown resilience, maintaining around $1.30 despite Bitcoin's stalled performance, and market watchers will monitor the new wallet's activity for further clues.

While the XRP whale moved 82.3 million tokens, XRP on Pluang trades at Rp23.308 as of Oct 20, 2026 17:21 WIB, down 1.21% for the day. The market cap stands at Rp1.470,39 trillion with a 24-hour volume of Rp27,05 trillion, showing active trading despite the price dip. Notably, 60% of Pluang users are buying XRP with a typical hold time of 72 days, indicating ongoing interest compared to the whale's large token reshuffle.

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