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Mr.Abrash

08/19 04:22

SBI’s $703M XRP Move Triggers Ripple Escrow and ET

SBI’s $703M XRP Move Triggers Ripple Escrow and ETF Buzz

The XRP community was shocked by a massive token movement just ahead of Ripple’s regular escrow release. With XRP’s price action already in the spotlight, a fresh $703 million transfer by Ripple-partner SBI VC Trade has raised eyebrows and triggered speculation.
According to Whale Alert, a whopping 320 million XRP, valued at over $703 million, was moved on June 30 between unidentified wallets. Upon closer inspection, the sender wallet (rNR…6jS) was linked to SBI VC Trade, a long-time Ripple ally. The tokens were split into two equal transactions of 160 million XRP, now sitting untouched in new addresses. Notably, this move happened just before Ripple’s scheduled release of 1 billion XRP from escrow, fueling theories that SBI VC Trade may be preparing for something big.
The sudden token movement coincided with Japan’s growing regulatory shift. ..
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