The cryptocurrency world was sent into a frenzy after a staggering 640 million XRP changed hands in a series of massive transactions. With a combined value of over $1.4 billion at the time of transfer, these movements sparked widespread speculation across social media, forums, and trading communities. Was this Ripple releasing funds from escrow early? Are whales accumulating before a major price surge? Or is there a more grounded explanation behind the scenes?
Thanks to real-time blockchain tracking and insights from trusted crypto analysts, the mystery has largely been unraveled. Let’s dive into what really happened, who was behind the transfers, and what it could mean for XRP’s future.
640 Million XRP Moved in Three Massive Transactions
Blockchain monitoring platform Whale Alert detected three enormous XRP transfers totaling 640,000,000 XRP — a volume that immediately caught the attention of traders and enthusiasts alike. The breakdown:
- One transfer of 320,000,000 XRP, valued at approximately $703.5 million
- Two additional transfers of 160,000,000 XRP each, valued at around $351.7 million apiece
At the time of execution, the total fiat value of these transactions exceeded $1.4 billion, making them some of the largest single-day XRP movements in recent memory.
All three transactions originated from the same source wallet and were sent to anonymous receiving addresses. This pattern fueled immediate speculation about potential market manipulation, institutional accumulation, or even an unexpected release from Ripple’s escrow system.
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Community Reaction: Frenzy Meets Confusion
The XRP community — often referred to as the "XRP Army" — quickly took to platforms like X (formerly Twitter) to debate the implications. Some users speculated that Ripple had broken its monthly escrow schedule by releasing 320 million tokens ahead of time. Others suggested that large investors (commonly known as "whales") were positioning themselves for an upcoming price rally.
Amid the noise, one key account — @XRPwallets — provided clarity by tracing the origin of the funds using on-chain data from XRPscan, a transparent blockchain explorer for XRP transactions.
SBI VC Trade Identified as Source of Transfers
Contrary to rumors of irregular escrow releases, the truth points to SBI Holdings, one of Ripple’s longest-standing and most influential partners in Japan.
According to @XRPwallets, the 320 million XRP were sent via SBI VC Trade, a digital asset exchange operated by SBI Group. The funds were then split into two 160 million XRP transfers within BitGo’s initialization wallet system — a secure, self-custody infrastructure commonly used by institutional players.
Internal Bitgo Initialization Wallet (Self Custody) transaction.
This is the 320M that was just sent from SBI VC Trade 4. Now forwarded as two 160M transactions within Bitgo Init. Wallet.
Where will it go from here?
— @XRPwallets, June 30
Further confirmation came from XRPscan data showing the outgoing address: rNRc2S2GSefSkTkAiyjE6LDzMonpeHp6jS — publicly linked to SBI VC Trade 4.
This indicates internal movement rather than a market dump or public sale. Such transfers are common when institutions rebalance custodial wallets, prepare for client withdrawals, or redistribute holdings across secure storage solutions.
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Why This Matters for XRP Investors
While no immediate sell pressure was observed — since the XRP wasn’t dumped on exchanges — the visibility of such large transfers can still influence short-term sentiment. In this case, transparency helped prevent panic selling or false narratives.
It also highlights the deep integration between Ripple and its global partners like SBI, reinforcing confidence in XRP’s role in cross-border payments and institutional finance.
Ripple CEO Brad Garlinghouse Reaffirms $50 XRP Price Target
Amid the buzz around whale activity, Ripple CEO Brad Garlinghouse reignited bullish sentiment with a powerful reminder of his long-term vision for XRP.
In a recent social media post referencing his iconic XRP shoulder tattoo (first revealed in 2023), Garlinghouse reiterated his 1,000% bullish outlook on XRP — signaling his belief that the token could eventually reach $50 per coin.
Though current prices hover around $2.18, Garlinghouse’s stance reflects confidence in Ripple’s expanding use cases, including:
- On-Demand Liquidity (ODL) for instant cross-border transactions
- Central Bank Digital Currency (CBDC) development partnerships
- Expansion into real-world asset tokenization (RWA)
Since last Monday, XRP has gained nearly 11%, recovering from a brief 6% dip earlier in the week. It currently holds its position as the fourth-largest cryptocurrency by market cap, trailing only Bitcoin, Ethereum, and Tether.
Market Outlook: What’s Next for XRP?
With increasing adoption by financial institutions and growing infrastructure support, many analysts believe XRP is well-positioned for long-term growth. The recent SBI transfer underscores ongoing institutional engagement — not just speculation.
Moreover, clarity around large transactions helps build trust in blockchain transparency, showing that even mysterious-looking movements can have logical explanations.
Frequently Asked Questions (FAQ)
Q: Was this 640 million XRP transfer a release from Ripple’s escrow?
A: No evidence suggests this was an official Ripple escrow release. The funds originated from SBI VC Trade, not Ripple’s escrow wallets.
Q: Could this transfer cause XRP’s price to drop?
A: Unlikely. Since the XRP was moved between internal custodial wallets and not sold on exchanges, there was no direct market impact or sell pressure.
Q: Who owns SBI VC Trade?
A: SBI VC Trade is operated by SBI Holdings, a major Japanese financial services group and one of Ripple’s earliest strategic partners in Asia.
Q: Is Brad Garlinghouse’s $50 XRP prediction realistic?
A: While highly optimistic, such projections depend on mass adoption, regulatory clarity, and broader crypto market conditions. A $50 valuation would require significant ecosystem growth and demand expansion.
Q: How can I track large crypto transfers like this?
A: Platforms like Whale Alert and blockchain explorers such as XRPscan provide real-time monitoring of major transactions across public ledgers.
Q: Does this event affect XRP’s regulatory status?
A: No. This transfer was an operational movement between known entities and does not influence ongoing or future regulatory discussions.
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Final Thoughts
The 640 million XRP transfer saga serves as a perfect example of how quickly misinformation can spread in the crypto space — and how quickly facts can set things straight. Behind the headlines of “mysterious whale activity” lies a routine but significant institutional operation involving one of Ripple’s key allies.
For investors, understanding the difference between market-moving events and internal fund reallocations is crucial. As XRP continues to gain traction in global finance, expect more large-scale movements — but also greater transparency to back them up.
With strong leadership, strategic partnerships, and growing utility in real-world finance, XRP remains a pivotal player in the evolving digital asset landscape.
Core Keywords: XRP, Ripple, SBI VC Trade, Whale Alert, XRP price prediction, blockchain transaction, institutional crypto, Brad Garlinghouse