According to XRPWallets, citing Whale Alert, 127.4 million XRP — worth $172.5 million — was recently transferred from a Coinbase-linked wallet to Bitstamp. At first glance, it seems like the usual XRP shuffle between exchanges, but there is an uncommon detail with the receiving wallet that has been monitored since late 2024 and is suspected of being tied to Ripple's liquidity operations.