New XRP Whale Receives 140 Million Tokens Worth $167.7 Million as Price Falls Below $1.20
A newly activated XRP wallet has received 140,351,238 XRP, valued at approximately $167.7 million, as the cryptocurrency experienced renewed selling pressure and dropped below the $1.20 level. Despite the substantial transfer, on-chain records have yet to establish whether the movement represents fresh accumulation by a large investor or an internal transfer between wallets.
The transaction took place on November 6, 2026, at 4:40 PM UTC. The receiving address, identified as rMc…uXB, received the entire 140.35 million XRP balance in a single transfer, according to the transaction records.
The timing coincided with XRP losing the $1.20 support level, which had remained intact since August. 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 its activation, the address remained largely inactive, holding only 32 XRP before receiving the latest transfer.
Its balance has now increased to approximately 140.35 million XRP. No outgoing transactions have been recorded since the funds arrived, meaning the wallet continues to hold the entire amount at the time of reporting.
The absence of outgoing transactions could be consistent with an intention to retain the assets. However, 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 Has a Connection to Bitstamp
Further examination of the transaction history reveals a connection between the receiving wallet and its sender, identified as rN3…opY. The sending address was responsible for activating the receiving wallet in October, linking the two addresses from the beginning of the latter's activity.
Neither address has a publicly identifying label that establishes its ownership. Consequently, 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. Its transaction history traces back to an address affiliated with the cryptocurrency exchange, which activated the wallet in January 2026.
However, the sending address has not interacted with another Bitstamp wallet since that initial connection. It also 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. This 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. Crypto analyst Ali Martinez reported that whale holdings increased 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 transaction marked the exchange's largest single-day XRP outflow in nine months.
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, marking the highest level recorded in 2026.
These figures indicate 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 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, reaching 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 putting 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 also 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.
source: thecryptobasic
Writer: Ethan Collins
Crypto Journalist
Ethan Collins reports on developments across the cryptocurrency and blockchain sector. His work covers market movements, protocol updates, regulatory changes, and emerging trends in digital assets.
He focuses on presenting complex topics in a clear and accessible manner for a broad readership.
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