Ripple Activates 2 New XRPL Accounts With $1.4 Billion in XRP

Two brand-new accounts on the XRP Ledger have sparked intense speculation after being activated with a staggering 200 million XRP each, totaling $1.4 billion in value at current market prices.

The discovery was brought to public attention by prominent blockchain researcher Vet via a post on X, where he questioned whether Ripple, the entity listed as the originator of the fund, owns or controls the accounts.

While the transaction history shows that the wallets were activated by Ripple, closer inspection reveals several inconsistencies that challenge that assumption.

The lack of basic account setup features that Ripple typically employs in its operational wallets has raised eyebrows across the XRP community, with many now asking: if not Ripple, then who? 2 New XRP Ledger accounts activated by Ripple with 200,000,000 XRP each.

I don't believe these are Ripple owned accounts.

Ripple typically configures their XRP accounts with proper account sets and multi signer.

These are not done like that.

Who owns these accounts? pic.twitter.com/QR4Xyw6pGu — Vet (@Vet_X0) July 23, 2025 Unusual Account Structure Raises Doubts Both accounts, activated on July 22 and July 23 , respectively, were funded with 200 million XRP each, an unusually large amount to assign to a new wallet.

More significantly, these accounts are not registered with any username, have no multi-signature configuration, and show no signs of the customary security parameters Ripple uses to protect institutional-grade wallets.

Ripple, known for its disciplined treasury management and internal compliance standards, has historically implemented account settings such as requireDestinationTag, disableMasterKey, and multi-signer configurations to prevent unauthorized access.

None of these appear to be enabled in the two new accounts, making them stand out as potential outliers in Ripple’s operational playbook.

On-Chain Footprint Traces Back to Ripple Despite the unusual structure, on-chain data confirms that Ripple activated both accounts.

The metadata clearly states “Activated by: Ripple” and shows the precise time of activation—05:01 UTC on July 22 and 05:03 UTC on July 23. The funding source appears to be tied to Ripple-associated wallets, suggesting at least indirect involvement.

However, this does not conclusively mean that Ripple is the end-user or the beneficiary of the funds.

In past transactions, Ripple has activated accounts on behalf of third parties, partners, custodians, and institutions, as part of onboarding or strategic distribution processes.

But in such cases, the accounts are usually properly configured from the outset, which further fuels the confusion surrounding these two.

We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 Possible Use Cases and Theories Some in the community speculate that the funds could be earmarked for over-the-counter (OTC) settlements, private liquidity provisioning, or onboarding of institutional clients.

Others suggest it could be linked to Ripple’s expanding partnerships or future tokenization plans.

There’s also a theory that these accounts might be controlled by Ripple subsidiaries or custody providers such as Standard Custody or Metaco, though no official link has been established.

Still, none of these explanations fully align with the current account configurations.

If the funds were intended for institutions or custodial purposes, the lack of security features would be both uncharacteristic and risky, especially given the scale of value involved.

Community Reaction and Ongoing Scrutiny Vet’s analysis, supported by screenshots and XRPL data, has driven a wave of discussion among analysts and XRP holders.

Many are closely watching these wallets for any movement, whether transactions, changes in account settings, or public disclosures, that could reveal their true purpose or ownership.

So far, the wallets remain idle, with their 200 million XRP balances untouched.

Until further on-chain activity offers more clarity, the identity of the beneficiaries behind these newly activated wallets remains a mystery.

What’s clear, however, is that these transactions have introduced a new layer of intrigue into the XRP ecosystem, raising important questions about transparency, security, and the future deployment of massive XRP reserves.

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