Usman Salis
Two massive XRP accounts just got activated on the ledger, each packed with 200 million tokens, while XRP price takes a hit with an 8% crash.
Someone just woke up two giant XRP accounts, and crypto folks are scratching their heads trying to figure out who's behind them. Each account is loaded with 200 million XRP tokens – that's 400 million XRP total sitting in these mystery wallets.
Vet from xrp.cafe spotted these accounts and immediately started digging. At first glance, they looked like they might belong to Ripple, but after checking the company's official records, that doesn't seem to be the case.
XRP Price Takes a Beating During Account Drama
While everyone's trying to solve this puzzle, XRP price isn't doing so hot. The token just dropped about 8%, which has traders on edge. Nobody likes seeing massive unknown accounts pop up when prices are already falling – it makes people nervous about what might happen next.
The timing is pretty lousy for XRP holders. You've got these huge accounts showing up out of nowhere, and the price is tanking at the same time. It's the kind of situation that gets crypto Twitter buzzing with theories.
Are These Actually Ripple's Accounts?
Here's where it gets interesting. Vet checked Ripple's TOML file – basically their official list of accounts – and these mystery accounts aren't on it. So officially, they're not Ripple's.
But here's the catch: Ripple might have other accounts that aren't on that public list. The TOML file only shows the accounts they use for escrow stuff, not necessarily every account they might control.
As Vet put it: "Accounts with 400M XRP should have a clear trace back to known accounts. Operational accounts like the ones used for RLUSD are for distribution, not holding, that's what the escrow/issuer accounts are for."
What This Means for XRP Price
Bottom line: nobody knows who controls these 400 million XRP tokens, and that's making people uneasy. When you've got mystery accounts holding that much crypto and XRP price is already down 8%, it's natural for traders to get jumpy.
The crypto community will definitely keep watching these accounts to see if they make any moves. With XRP price under pressure, any big transactions from these wallets could shake things up even more.
Usman Salis
