Unit 2 · Reading big moves
What does it mean when a long-dormant wallet wakes up?
- 2 min read
- 2 sections
- 3 questions · +25 XP
A big wallet that has not sent anything for years draws attention when it moves. Whether it sold or just moved depends on where the XRP went.
Dormant means it has not sent anything
Every account has a Sequence number that goes up only when the account itself sends a transaction. If it is the same as a year ago, the account has sent nothing for a year.
Incoming payments do not count. Anyone can send a big wallet a tiny amount, so using receipts would make it look recently active.
When it wakes up, look at the receiver first
If it sent to an exchange address with a destination tag, it deposited into an account there. A sale is possible but not certain. If it went to a fresh unlabeled wallet, the owner may simply have changed how they store it.
An old wallet is not proof of an early investor or a Ripple insider either. We keep facts and interpretation apart.
See it on the site
Related terms
- Rich list
- A ranking of wallets by XRP balance. One wallet is not one person; an exchange wallet holds many customers’ coins.
- Destination tag
- A number exchanges use to tell customers apart when they all deposit to one wallet.
- Sequence number
- A counter that rises each time an account sends a transaction. If it has not changed in a long time, the account has not sent anything.