A fresh whale wallet in the XRP network is turning heads this week after quietly piling up 51,179,418.122296 XRP, worth more than $142 million at current prices, just days after it first appeared on the ledger.
The address, rnJrjec…..9N4mT, was started accumulating on September 24, 2025, at 07:09:41 PM UTC, with only 4 XRP, sent through a transaction marked F678…9F5E. Records show the account was activated via the crypto exchange Kraken, and its balance started growing almost right away.
Since then, the address has received a series of deposits, with transaction activity peaking around September 25 before cooling off, according to on-chain data. XRP activity surged to 50.5 million XRP, worth roughly $148.2 million on that day.
Major $48.9M purchase raises eyebrows
The most notable transaction occurred on September 28, 2025, at 07:44:41 UTC, when the wallet received 17,555,420.001849 XRP, valued at approximately $48.9 million. The payment was from the address rLHzPsX60XkzU2qL12kHCH8G8cnZv1rBJh (Kraken) and validated in ledger #99149205, with a minimal fee of 0.006 XRP (≈$0.01). The totaled accumulation for that day was around 20.3 million XRP, valued at around $57.1 million.
Speculation swirls around French investor ties
Adding fuel to the intrigue, X user ‘Pumpius’ claimed that the wallet belongs to a French investor deeply embedded in European finance, describing the buy as an “insider move.”
In his post, he wrote, “A close French friend of mine… not on social media but deeply plugged into European finance just scooped up 17,555,420 XRP ($48.9M) in a single purchase. These aren’t random buys. These are strategic accumulations by people who understand what’s coming.”
At the time of writing, the account now shows a balance of 51,014,475.569195 XRP after reserves, with its next transaction sequence set at 99,087,044.
Strategic moves hint at institutional positioning
Big XRP buys by rich people or institutions usually mean they’re positioning themselves ahead of possible events, like Ripple’s legal updates, European rules, or wider adoption.
Major wallets quietly adding millions of XRP show that top investors are more confident and could be getting ready for a big change in the XRP ecosystem.
Also Read: Ethereum Whales Awakens After 8 Years, Moves $785M In ETH
