🚨 Attention, XRP enthusiasts and investors! 🚨 The XRP ecosystem is buzzing with excitement as it experiences a whirlwind of developments that could shape its future trajectory. From a surge in new wallet addresses and XRP Open Interest to growing whale activity and a strategic partnership between Ripple and a leading banking company, these key events are ones that every XRP fanatic should be aware of and closely monitor. 👀
XRP Wallet Addresses and Open Interest Skyrocket 🚀
A recent H1 2025 report by Finbold reveals that the XRP network is seeing a sharp rise in speculative interest, with over 840,000 new wallet addresses created in the first half of the year. The report shows that XRP’s total address count jumped from 6.28 million to 7.12 million between January and June 2025. 📈
However, during the same period, the number of unique active addresses dropped by 42.2%, falling from 39,515 to 22,743. This disconnect suggests that many of the new addresses belong to long-term holders, institutions preparing for future integration, or investors opting to hold their assets without actively interacting with the blockchain network. 🤔
On the derivatives front, XRP’s futures Open Interest recently surged to its highest point since January. According to crypto analyst Xaif on the X social media platform, Open Interest spiked to 800 million XRP before stabilizing at around 743 million, marking a 33% increase from its low in late June. This sharp rise coincides with growing anticipation around a potential ProShares XRP ETF approval, which could reignite bullish sentiment across the market. 🤑
Whales Move $500 Million In XRP 🐳
A massive XRP transaction involving over 214.14 million tokens, valued at approximately $500 million, has caught the attention of the broader crypto market. Based on the information from WhaleAlert, a prominent crypto tracker on X, the full amount was moved by a whale in a single transaction from an anonymous long-standing but inactive wallet address to a newly active one. 😲
The recipient wallet, according to WhaleAlert, was created in June 2025 and had shown minimal activity until the sudden inflow. Following the $500 million worth of XRP transfer, the wallet’s balance surged to a whopping 708 million tokens, instantly positioning it among the top holders on the XRP Ledger. Meanwhile, the sender’s address still holds over a billion XRP, signaling control over a significant portion of the circulating supply. 😮
Ripple Teams Up With BNY Mellon 🤝
Ripple, a crypto payments firm and the largest holder of XRP, has announced its official partnership with the Bank of New York (BNY Mellon). The company aims to serve as the primary custodian for reserves backing its new enterprise-grade stablecoin, Ripple USD (RLUSD). 💸
The collaboration marks a significant step in the crypto payments organization’s mission to rapidly advance institutional adoption of digital assets by integrating with one of the world’s oldest and most trusted financial institutions. Unlike most stablecoins that target retail use, RLUSD is designed for enterprise applications, specifically to enhance speed, reduce costs, and increase transparency. On the other hand, BNY Mellon could provide Ripple with key transaction banking capabilities to support operational scale. 🏦
Read More
- Gold Rate Forecast
- Stalker: Rusted Dawn may be the best Stalker 2 modpack yet that aims to make the game closer to GAMMA
- You Need to Hear the Advice Rhea Raj Gave KATSEYE’s Lara
- ‘Curb Your Enthusiasm’ Writer, Star Revisit the Show’s ‘Seinfeld’ Reunion
- Star Wars: Beyond Victory Is A Slight But Enjoyable Experiment In What Meta’s Storytelling Potential (Review)
- Demi Moore Debuts Bangin’ Hair Transformation
- Metal Gear Solid Delta Patch Promised, But No Mention of PS5 Performance Improvements
- Dragon Ball: Every Super Saiyan Form Ranked (and #1 is the Most Iconic)
- Assassin’s Creed Mirage free major update ‘Valley of Memory’ launches November 18
- Hell Let Loose: Vietnam announced for PS5, Xbox Series, and PC
2025-07-11 02:18