Uphold Transfers 500 Million XRP Worth $649M to Five Wallets
About 500 million XRP, valued at roughly $649 million, moved from Uphold to five separate wallets on the XRP Ledger yesterday.
About 500 million XRP, valued at roughly $649 million, was transferred from addresses tied to Uphold to five separate receiving wallets on the XRP Ledger yesterday.
The transactions originated from Uphold-linked addresses and were split across five distinct receiving addresses. Ledger records show each transfer with timestamps and amounts that can be inspected on the public ledger.
The aggregate value of the transfers was about $649 million, which implies an approximate price of $1.30 per XRP based on the total moved at the time of the transactions.
The receiving addresses were separate wallets rather than a single cold-storage address. The transfers cleared under normal XRP Ledger settlement processes. There were no on-chain memos or attached notes explaining the purpose of the transfers.
Uphold is a digital asset platform that offers trading, custody and payment services. XRP is the native token of the XRP Ledger and is used for payments and liquidity. Large, high-value transfers are visible to market participants because the ledger records sender and receiver addresses and transaction amounts. There are no public statements linked to the transactions on the ledger; timing and values reflect on-chain records and prevailing market pricing at the time of execution.
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