XRP Whale Moves $1.4B in Transfers, SBI VC Trade Confirmed as Source

Whale Alert, a leading blockchain tracker, reported a series of massive XRP transfers totaling nearly $1.5 billion. The movements—three separate transactions involving 320 million and two batches of 160 million XRP—sparked intense discussion across the crypto community. All transfers originated from anonymous wallets and were valued at approximately $703.5 million, $351.7 million, and $351.6 million respectively, totaling $1.406 billion.

The sudden shift of 640 million XRP raised speculation that Ripple may have released tokens early from escrow. However, further analysis revealed the transactions were made by SBI VC Trade, a top Ripple partner and crypto exchange in Japan. According to data from XRPscan, the XRP was sent from the address "rNRc2S2GSefSkTkAiyjE6LDzMonpeHp6jS" to a wallet ending in "QjNRCZ."

These movements fueled bullish sentiment among XRP supporters. Ripple CEO Brad Garlinghouse recently reiterated his confidence in XRP’s long-term growth, posting “1000%” in response to a photo of his XRP tattoo and reaffirming his belief that XRP could one day reach $50 per coin.

At the time of reporting, XRP trades at $2.18, showing a 5.58% rebound after dropping 6% on Friday. Over the past week, XRP has surged roughly 11%, securing its spot as the fourth-largest cryptocurrency by market cap. As whale activity intensifies and institutional partners like SBI engage in large-scale transfers, XRP’s momentum continues to build, keeping investors and analysts closely watching for what’s next.