XRP Transfer Sparks Buzz as Ripple Partner Moves 640M Tokens

XRP made headlines this week as a colossal 640 million tokens were unexpectedly shifted between undisclosed wallets, fueling speculation among crypto watchers. This significant XRP transfer drew immediate attention across the digital asset community and sparked a wave of discussions on social media. The precise details of this transaction reveal how deeply Ripple’s ecosystem is intertwined with its strategic partners like Japan’s SBI VC Trade.

The attention-grabbing transfers were first tracked by Whale Alert, a major blockchain monitoring service known for flagging large cryptocurrency movements. According to their data, the 640 million XRP were broken into three massive transactions, totaling a fiat equivalent of approximately $1.4 billion. The largest chunk, 320 million XRP, was followed closely by two separate transfers of 160 million XRP each. With the values pegged at $703.5 million, $351.7 million and $351.6 million respectively, it’s little wonder these shifts ignited a wildfire of curiosity.

Quickly, Ripple’s online supporters, known collectively as the XRP Army, began theorizing. Some suggested the giant transaction signaled early escrow releases, usually scheduled on a strict timeline, while others speculated whether it was a strategic accumulation move by high-net-worth investors. However, questions surrounding the origin of these tokens soon found an answer through data highlighted by the @XRPwallets X (formerly Twitter) account. Their sharing of XRPscan screenshots explained the situation more clearly.

According to these insights, Japan-based financial giant SBI, one of Ripple’s most prominent global collaborators, was behind the transactions. Through its crypto division, SBI VC Trade, the firm had reportedly split the 320 million XRP portion into two successive payments of 160 million tokens. This move redirected the funds to an anonymous XRP wallet identified by its endpoint, -QjNRCZ.

The details further reveal that the transactions were completed via BitGo, a digital asset trust and security company widely used for self-custody solutions. The mention of “BitGo Init. Wallet” suggests that the XRP funds were being organized internally, possibly for institutional custody or anticipated on-demand liquidity applications. This internal movement has been interpreted by some analysts as a strategic preparation, though definitive end-use has yet to be confirmed.

The magnitude and stealth of the XRP movements sparked considerable interest and even some anxiety, particularly as large-scale shifts can often precede major market events. Still, the XRP community found relief in the discovery that the transactions were part of routine operations executed by Ripple’s longstanding partner rather than unexpected market manipulation.

Adding to the fervor, Ripple CEO Brad Garlinghouse recently reaffirmed his bullish stance on XRP. Sharing a remark labeled “1000%” alongside an image of his XRP tattoo, Garlinghouse reiterated his optimism that XRP has the potential to reach significant valuation milestones, even suggesting a long-term outlook of $50 per coin. While the remark sparked applause and enthusiasm among XRP holders, it also came amid discussions about how Ripple and its ecosystem partners are scaling XRP-related services globally.

As of the most recent data, XRP trades around $2.18, reflecting a 5.58% gain from Friday’s price of $2.07. This marks a bounce back from a 6% downturn late last week. Across the last seven days, XRP has climbed roughly 11%, further energizing the digital asset’s community and investors eagerly watching further developments.

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

With blockchain’s transparency revealing every detail of digital asset transfers, the XRP movement reminded the market of the speed and complexity behind institutional-level crypto strategies. What seemed mysterious at first now appears to be a clear example of Ripple’s broader logistics and the active role of partners like SBI in supporting and streamlining XRP transactions globally.