Reports Disagree on Destination of Ripple’s $149M XRP Move

CoinTurk News EN and CoinGape both report a roughly $149-150 million XRP transfer tied to Ripple around October 5-6, but disagree on where the funds ended up.

CoinTurk News EN and CoinGape both report a roughly $149-150 million XRP transfer tied to Ripple around October 5-6, but disagree on where the funds ended up.

What all sources agree on

• A large XRP transfer worth approximately $149-150 million occurred around October 5-6.
• The transfer was flagged by on-chain/whale-tracking analysts and drew attention from the XRP community.
• The transaction involved a Ripple-controlled wallet moving funds to a subwallet as part of the process.
• Observers noted the transfer occurred amid speculation about potential selling pressure on XRP.

Where the reports disagree

1Whether the XRP ultimately left Ripple-controlled wallets

The 100 million XRP transaction on Oct 5 moved between two Ripple-controlled addresses; no exchange platforms received the XRP and there is no indication of a sell order.

CoinTurk News EN 2026-10-06 10:19

Shortly after the transaction, the same wallet distributed $150 million in XRP coins to rpxh7h wallet, a subwallet associated with Binance (10) wallet. The coins are currently held at rGMiNv wallet address. The wallet is associated with Binance crypto exchange.

CoinGape 2026-10-07 09:29

What would settle it: The on-chain transaction record for the relevant Ripple and Binance-associated wallet addresses on the XRP Ledger.

2Whether an exchange platform was involved in the transfer

No exchange platforms received the XRP, and there is no indication of a direct sell order resulting from this transaction.

CoinTurk News EN 2026-10-06 10:19

On-chain transaction data revealed transfers to a Ripple subwallet, followed by further transfers to Binance subwallets.

CoinGape 2026-10-07 09:29

What would settle it: Public on-chain wallet-labeling data (e.g., XRPScan) confirming or disputing Binance's association with the destination address.

What to make of it

Treat the existence of a roughly $149-150 million XRP transfer around October 5-6 as established, but do not treat claims about whether the funds reached a Binance-linked wallet as settled until on-chain wallet-labeling data is independently confirmed.

Treat the existence of a roughly $149-150 million XRP transfer around October 5-6 as established, but do not treat claims about whether the funds reached a Binance-linked wallet as settled until on-chain wallet-labeling data is independently confirmed.

Originally reported by AltcoinGordon, written by Victoria Reed. Republished with permission.

View the original on AltcoinGordon →

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