XRP Transfer from Bitget Raises Questions About Wallet's Purpose

A significant transfer of 50,291,996 XRP tokens worth approximately $75.96 million has taken place from Bitget to an unknown wallet.

The recipient address, r3AEihLNr81VYUf5PdfH5wLPqtJJyJs6yY, has a long history of exchanging large quantities of XRP with Bitget over several years.

This is not the first time this address has received a large transfer from Bitget. In November 2024 and August 2025, the exchange sent 38.02 million and 44.75 million XRP to the same wallet respectively.

The relationship between the exchange and the recipient address works in both directions, with the wallet having also sent tens of millions of XRP back to Bitget on multiple occasions.