630 Million XRP Moved, Ripple Involved; Latest Upd
630 Million XRP Moved, Ripple Involved; Latest Updates
Over 600 million XRP were moved in multiple transactions associated with Ripple and other unknown entities.
Interestingly, these transfers are happening despite Ripple not yet unlocking 1 billion XRP in the new month as per usual.
Notably, Whale Alert highlights ongoing XRP transfers on its official X account. According to a series of updates, Ripple and other unidentified entities moved 630 million XRP in five transactions. At the current price of $2.17 per token, the total value of these XRP is about $1.36 billion.
Latest Transfers
The first latest transfer took place on June 1, 2025 at 11:00 PM (UTC). Whale Alert reported that an unknown wallet transferred 330 million XRP to an address associated with Ripple in the transaction. However, data from XRPScan confirmed that the transaction was an internal transfer between two Ripple wallets. Specifically, the payments company transferred 330 million XRP from its address "Ripple 26" to another address labeled "Ripple 1."
Two minutes later, the "Ripple 26" wallet transferred another 170 million XRP to another blockchain wallet of the company labeled "Ripple 15."
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