On October 17, the XRP crypto caught the attention of investors due to two large transfers totaling $52 million reported by Whale Alert. Ripple, the company behind XRP, made these transfers, sparking speculation about their intentions and connection to crypto exchanges. The first transfer of 75 million XRP, worth $36.9 million, was sent from Ripple to an unknown wallet, leading to speculation that the wallet may be connected to the company.

The second transfer of 30 million XRP, worth $14.9 million, was sent from an undisclosed wallet to Bitstamp, a well-known cryptocurrency exchange and one of Ripple's On-Demand Liquidity platforms. These transfers suggest Ripple's strategic use of XRP in facilitating efficient global remittances and cross-border transactions.