South Korea Is Flipping the Switch on XRP: Details

Crypto enthusiast X Finance Bull has recently reported a significant XRP transaction on the South Korean exchange Upbit.

In his post, he wrote, “I told you South Korea would flip the switch on XRP. A single whale just dropped $61M in one transaction — 19 MILLION XRP from Upbit. This isn’t retail… this is deep-pocket conviction. Still think you have time?”

His remarks framed the move as a deliberate allocation by a large-scale holder, suggesting it reflects strong confidence in XRP rather than short-term trading activity.

Transaction Details Confirm 19 Million XRP Outflow

The tweet was accompanied by a ledger screenshot showing the specifics of the transfer. The transaction summary lists “Upbit (22)” as the sending account and a receiving address beginning with r325zs5zuduw. The amount delivered was recorded at 19,000,000 XRP, with a network fee of 0.01 XRP. The estimated value of the 19 million XRP is approximately $61 million, based on current market pricing.

Community Reaction Emphasizes Institutional-Scale Confidence

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These comments echoed X Finance Bull’s view that the size and source of the transaction point to a calculated move rather than random exchange withdrawals.

Effect on XRP Market Activity

The emphasis on South Korea in the post reflects the country’s importance as a high-volume trading hub for XRP. Upbit, being one of the largest cryptocurrency exchanges in the region, significant outflows from the platform are often closely monitored by traders and analysts.

X Finance Bull’s framing of this 19 million XRP transfer suggests that he views it as a sign of positioning ahead of potential market developments, rather than as an isolated incident.

The combination of the transaction’s scale, the originating exchange, and the associated commentary from the community reinforces a perception that substantial market participants are becoming increasingly active in XRP.

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