A post by @whale_alert on X.

Whale Alert reported a transfer of 120,000,000 XRP, valued at roughly $107.45 million, between two unknown wallets on the XRP Ledger. The transaction, flagged by the blockchain tracking service, moved the tokens without identifying whether either address belongs to an exchange, institution or private holder. At that size, the transfer represents a meaningful share of XRP's daily on-chain movement and drew attention because wallet-to-wallet flows of this magnitude often precede exchange deposits, custody reshuffling or over-the-counter settlement. Because both counterparties remain unlabeled, the market impact is unclear and the move may reflect internal bookkeeping rather than directional selling. Traders will watch whether the receiving address subsequently sends funds to a known exchange wallet, which would suggest added sell-side liquidity, or holds the balance, which would point to accumulation or long-term custody.