Ripple has recently executed a substantial transfer of 46 million XRP, contributing to heightened market activity and prompting traders to analyze on-chain trends. The move coincided with increased network velocity, reaching its peak for the year in December, and fueled speculation about short-term liquidity conditions. Two consecutive transfers involving 46,019,328 XRP each were made by Ripple, transferring funds from its “Ripple (50)” wallet to internal addresses before routing a similar amount to a Binance-linked wallet. This transfer totaled over $101 million in value at current prices. Data from CryptoQuant highlights the surge in XRP velocity on December 2nd, reaching an unprecedented peak of 0.0324. High network velocity often reflects strong trading activity and rapid token circulation. The recent increase could indicate increased participation from both traders and whales during a period of heightened market volatility.