XRP Transfer Sparks Community Buzz as 640M Tokens Shift

XRP made headlines after a massive 640 million token transfer sent waves through the crypto community, stirring discussions and speculation within the XRP Army. These significant movements took place between unidentified wallets and triggered debate about the motives behind them, drawing attention to Ripple’s operational activities.

On June 30, on-chain activity reported by Whale Alert showed three separate XRP transactions totaling 640 million tokens—valued at approximately $1.5 billion. The largest of these was a striking 320 million XRP chunk worth around $703.5 million, accompanied by two 160 million XRP transfers, each valued just over $351 million. With Ripple (and XRP by extension) enjoying sustained crypto spotlight, such colossal movements naturally ignited discussions across passionate investor communities.

As the debate intensified over whether these actions signaled accumulation by major investors or strategic internal operations, the mystery began to unfold. Insights shared by the XRPwallets account on X confirmed that SBI Holdings, Ripple’s high-profile Japanese partner, was behind these movements. Specifically, SBI VC Trade, the company’s crypto platform, facilitated the transfer of the 320 million XRP—which had been split into two equal batches of 160 million. Though the recipient wallet remained anonymous, data from XRPscan revealed that all transferred funds ended up in a wallet identified with the suffix -QjNRCZ.

This incident casts light on the broader trend of deep institutional engagement within the XRP ecosystem. Not simply limited to speculative trading, such movements underline the infrastructure growth Ripple is fostering in partnership with corporate entities like SBI. Strategic transfers of this magnitude often suggest preparation for liquidity operations, settlement expansions, or internal realignments aligned with future blockchain utility goals.

The landscape for XRP and Ripple is continuously evolving, with more financial institutions integrating XRP for cross-border settlements. This has led to increased attention from the XRP Army, always quick to react to large-scale wallet activities, as seen with this 640 million surge. For XRP holders and blockchain analysts alike, these movements reaffirm the relevance of on-chain transparency in understanding market sentiment and institutional behavior.

In parallel news across the broader crypto landscape, Michael Saylor’s firm Strategy made a bold move by shifting Bitcoin worth nearly $796 million. According to analytical insights from Lookonchain, the transfer involved reallocating BTC assets across three newly created wallets. This appears to be a proactive step toward strengthening the security and custodial management of their holdings.

Following Strategy’s recent acquisition of 4,980 Bitcoin, the company’s total stack now tips at 597,325 BTC—placing it on the cusp of crossing the 600,000 threshold. Michael Saylor, famously staunch in his conviction regarding Bitcoin’s long-term utility, has often reiterated his commitment to never selling, referring to Bitcoin as an “exit strategy.” His unwavering stance continues to boost confidence across long-term Bitcoin advocates.

Meanwhile, Shiba Inu (SHIB), another major meme-token player, regained its status above the 100 trillion “in the money” token threshold, according to IntoTheBlock data. Currently, around 100.54 trillion SHIB are deemed profitable, indicating a return in investor confidence despite recent dips. This rebound suggests growing accumulation trends, even amid broader market caution.

Related: Expert Advice: Sell XRP If You’re Confused

From large XRP reallocations to strategic Bitcoin positioning and meme coin revivals, the crypto space continues to illustrate dynamic institutional engagement and community-driven momentum. For XRP holders and Ripple observers, the latest 640 million shift presents evidence of the token’s strategic relevance in cross-border and institutional ecosystems.