Ripple Turns Over $439M XRP Amid Another XRP ETF Delay

A strikingly large transfer had crypto whale tracking agencies on their feet last night. The gigantic 200,000,000 XRP coin swap between two on-chain wallets had market observers guessing the purpose of this large act.

Mystery Behind XRP’s $439M Transfer

Also, the transfer preluded a move from the U.S. Securities and Exchange Commission (SEC) to postpone Franklin Templeton’s Ripple ETF pitch. Indeed, Franklin Templeton is one of the most realistic candidates to launch an XRP exchange-traded fund (ETF), as the financial behemoth has over $1.4T assets under management (AUM).

Regardless, XRP believers, popularly referred to as XRP Army, will have to wait a bit longer. According to the updated XRP ETF decision list, Franklin Templeton’s ETF is going to be reviewed until October 25, 2025. This also falls in the same category as Wisdom Tree & CoinShares XRP ETF product submissions for SEC’s consideration.

True Whale Intentions & Key ETF Dates

Upon further investigation by DailyCoin’s dedicated research team, it was established that the two crypto wallets in question belong to Ripple Labs. They are accordingly labelled ‘Ripple 1’ & ‘Ripple 50’ on XRP’s official blockchain explorer, hinting at this 200M XRP coin transfer being nothing more than a monthly maintenance move between hot wallets.

Awaiting a decision from both the U.S. Securities and Exchange Commission (SEC) & the District Court, the first month of Summer is going to be sizzling hot for Ripple in the courts. Precisely, both SEC & Ripple are looking for legal confirmation to settle the 6-year long case for $50 million, releasing $125 million of XRP coins in escrow once granted approval.

Meanwhile, all 11 XRP ETF submissions are now out in the open until mid October, 2025. Grayscale, 21Shares & Bitwise are likely to get a decision on their Ripple ETF pitches first, while Canary Capital is expected to be given an answer a day before Franklin Templeton’s ETF assessment. At press time, Ripple (XRP) crypto is trading at $2.15, CoinGecko says.

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People Also Ask:

What’s up with Ripple moving $439M in XRP? Ripple transferred 200M XRP, worth ~$439M, between its hot wallets, per DailyCoin’s research. This is likely an internal re-balance or treasury management, not a sale. Just routine crypto shuffling.

Why’s the XRP ETF delayed again? The XRP ETF, which would let you trade XRP like a stock, is stuck due to regulatory roadblocks. The SEC’s ongoing scrutiny of Ripple’s legal status is slowing things down in the ETF world.

Will this transfer tank XRP’s price? Since it’s a transfer between Ripple’s hot wallets, not a sale, price impact should be minimal. But crypto’s wild—ETF news or market FUD could still shake things. Keep an eye on the charts!

Is XRP a good pick for new investors? XRP has big potential but carries risks like volatility and legal battles. Do your own research (DYOR) before diving in. Only toss in what you’re okay losing in the crypto chaos.

What’s next for Ripple and XRP? Ripple’s chasing ETF approval and global use cases, but the SEC’s watching closely. Watch for ETF updates or more wallet moves. The crypto scene’s always got some moon-or-doom action!

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