How Many US Dollars Does XRP Transfer Per Day? 🤑🚀

Oh, hello there! 🙋‍♂️ So, you’re curious about how much money XRP (XRP), that funky cryptocurrency of the XRP Ledger (XRPL), moves every single day? 🤔 Well, grab your favorite beverage 🥤 and let’s dive into this 🌊 of numbers!

When Trump Got Re-elected, XRP’s Daily Transfer Volume Skyrocketed 🚀

According to the fine folks at Glassnode, XRP’s daily transfer volume in US dollars was usually between $300 million and $1 billion. 📈 But then, something interesting happened… Donald Trump won the US presidential election in November 2024, and suddenly, XRP’s daily transfer volume jumped to an average of $2.28 billion! 💸 That’s quite a leap, wouldn’t you say? And it seems to be linked to XRP’s price boom around the same time. Coincidence? 🤔 We think not!

Now, before you get too excited, those spikes might not mean steady adoption or payment activity. Instead, they could be the result of speculative behavior, Ripple-related transfers, whale moves, and reshuffling between exchanges. 🐳💰

Ripple and Chris Larsen: The Big XRP Movers 🎯

So, who’s behind all these massive XRP transfers? 🕵️‍♂️ Well, it turns out that Ripple and its co-founder, Chris Larsen, have played significant roles. In fact, Chris Larsen’s XRP sales in 2024-2025 were quite impressive! He transferred 50 million XRP (~$29 million) from a wallet that had been dormant for over a decade! 🤑 And by early 2025, he had sold over $116 million worth of XRP. Talk about making bank! 💰

🚨 🚨 50,000,000 #XRP (29,120,312 USD) transferred from Chris Larsen to unknown wallet

— Whale Alert (@whale_alert) September 16, 2024

Ripple’s XRP Escrow Sales: A Tale of Bullish and Bearish Periods 📉📈

Ripple also got in on the action, selling XRP from escrow since 2017. They released up to 1 billion XRP per month, sometimes returning unsold tokens. 🔄 During the cryptocurrency’s 30,000% rally in Q4 2017, Ripple sold $91.6 million worth of XRP. Not bad for a quarter’s work! 💪

But How Does XRP Compare to Bitcoin and Ethereum? 🏆

While XRP’s daily transfer volume is nothing to sneeze at, Bitcoin and Ethereum still dominate the scene. 🙅‍♂️ Bitcoin’s average daily transfer volume is a whopping $23.26 billion, while Ethereum’s is $2.53 billion. 🤑 But XRP is trying to catch up, introducing tools for stablecoin issuance, tokenization, and EVM compatibility. 🛠️

So, What Does All This Mean? 🤔

Transfer volume is a crucial metric for understanding how much real value is settled daily via blockchain. High volumes, especially when sustained, indicate greater user activity in moving money onchain. 🌍 But in XRP’s case, usage seems concentrated around trading cycles, despite Ripple’s efforts to promote XRP in cross-border settlements via On-Demand Liquidity (ODL). 🌍💸

So, there you have it! The fascinating story of XRP’s daily transfer volume. 🎉 Remember, though, numbers can only tell part of the story. 📝 The real excitement lies in the innovations and developments happening within the crypto world. 🌟 Stay tuned for more updates! 📢

2025-04-02 15:55