Just recorded the amazing moves of XRP, with the current market price of 44.1 million tokens worth over $97 million, transferred from Turkish cryptocurrency exchange Paribu to an unknown wallet.
The sudden move was originally called XAIF investor on social media platforms by XRP investors, which emerged in the expected wave of Giga Pump Predicted by technical analysts conflict Through bullish sentiment Revolving around cryptocurrencies.
44 million XRP leaves Paribu for unknown wallet
On May 31, 2025, it happened to be 09:51 am UTC, a transaction involving 44,100,000 XRP was executed on XRP Ledger. this The source was determined as Paribu, one of Türkiye’s most outstanding cryptocurrency exchanges.
This makes the source even more interesting considering it is not one of the most popular Western cryptocurrency exchanges. Nevertheless, the tokens were moved to the wallet address “rkewg9” and had previously nothing to do with any major exchange or custodian.
Blockchain data confirms that the entire amount has been successfully delivered, with the transaction fee of only 0.00001 XRP. As XRP analysts pointed out, this is likely information from giant investors pointing out the accumulated move.
This is because the significant movement of crypto tokens from exchange platforms is primarily seen as a sign of long-term holding, thus reducing sales pressure.
When such large transfers are made, they are purchased primarily by institutions or high net worth individuals, positioning themselves before a larger price transfer. In a market that can change rapidly, Such movements have psychological weight.
As expected, it caused some optimism among smaller holders, and the next prospect is whether it can attract More buyers are looking forward to the rally.
XRP’s GIGA pump enters?
Market analyst Amonyx’s bold announcement has joined the building fires, and he recently went to X to share the superlative look of XRP. In particular, analysts noted that XRP is printing “Giga Pump” into the foreseeable long term.
The chart he shared shows a long-term symmetric triangular breakthrough pattern, indicating that XRP has finally passed through a multi-year merger phase in the monthly candlestick timeframe, dating back to 2018.
The similarities between this breakthrough and Bitcoin’s similar breakthrough in 2016 are clear. Considering the subsequent Bitcoin price action at that time, the analyst A similar move is expected XRP price.
Amonyx’s chart outlines the rising Fibonacci expansion target over $27.16, with its resistance bands more extreme, meaning high ammunition movements at the macro level. These two levels correspond to 1.618 and 1.902 FIB extension levels, respectively. If it continues, the trajectory will see XRP compete with Ethereum and even Bitcoin, and may even do Bitcoin at market capitalization.
Image of X: amonyx
At the time of writing, XRP is trading at $2.19, up 1.33% over the past 24 hours.
Featured images from Unsplash, charts for TradingView
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