A total of 640 million XRP tokens were recently moved across three large transactions, drawing sharp attention from the crypto community. Blockchain tracker Whale Alert captured these transfers, which were valued at approximately $1.4 billion at the time they occurred.
The largest transfer involved 320 million XRP, followed by two consecutive transactions of 160 million XRP each. These movements were carried out between anonymous wallets, raising questions about their purpose and origin.
Reports initially suggested that Ripple might have released XRP from its escrow holdings earlier than scheduled. This speculation grew across social channels as users debated the intentions behind the transfers and their potential market impact.
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BitGo Wallet Activity Identified Behind Massive Transfers
Meanwhile, additional clarity emerged from the @XRPwallets account on X, a source that frequently monitors liquidity movements and wallet flows within the XRP ecosystem.
In a post addressing the transfers, the account stated that the 320 million XRP was moved from SBI VC Trade 4 and then forwarded as two 160 million XRP transactions through an internal Bitgo wallet.
@XRPwallets described the transaction as an internal Bitgo initialization wallet transaction, proving that it was a self-custody transaction, not an external redistribution.
Internal Bitgo Initialization Wallet (Self Custody) transaction.
This is the 320M that was just sent from SBI VC Trade 4. Now forwarded as to 160M transaction within Bitgo Init. Wallet.
Where will it go from here? See link below👇 https://t.co/0RJt0d56WV
— XRP_Liquidity (Larsen/Britto/Escrow/ODL/RLUSD) (@XRPwallets) June 30, 2025
Accordingly, the post contributed to abating previous speculations by assuring that the funds were not associated with planned releases of escrow by Ripple. Rather, they seemed to be a portion of institutional fund management with the help of the custodial platform of BitGo.
It further adds that the organized manner of the transfers gives an impression of being strategic in the manner the bulk amounts are managed by custodial agents. The schedule and mechanism of these transactions continue to receive continuous community tracking, as investors watch where the funds might be moved next.
Conclusion
The transfer of 640 million XRP, with a combined value of over $1.4 billion, remains a focal point within the digital asset space. With confirmations pointing to internal activity at BitGo, further movement from these wallets will likely remain under watch by analysts and holders alike.
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