XRP Worth $1.4 Billion Mysteriously Moved, Ripple’s Partner Suspected

Ripple’s top partner SBI linked to $1.4B XRP transfer between unknown wallets, fueling intense community speculation.

Fridah Kangai
July 1, 2025
1:15 pm

Fridah Kangai

Fridah Kangai is a dedicated crypto journalist with a sharp eye for market trends, blockchain innovation, and digital asset movements. She specializes in breaking down complex topics into clear, engaging stories for both seasoned investors and curious newcomers. With a passion for decentralization and a pulse on the ever-evolving crypto space, Fridah delivers timely, accurate, and insightful coverage. Her work bridges the gap between technology and everyday understanding in the world of cryptocurrency.

Over $1.4 billion in XRP moved between anonymous wallets, raising questions in the crypto space.
Data suggests Ripple’s top Japanese partner, SBI Holdings, may be behind the massive XRP transfers.
Community speculation grows as wallet movements remain unexplained, with no official response from Ripple or SBI.

A massive shift of 640 million XRP, valued at around $1.4 billion, has stirred conversations across the crypto market. These transfers occurred in three separate transactions, with all movements traced between unidentified wallets.

Two consecutive transfers each moved 160 million XRP, while a third transaction carried 320 million XRP. The amounts at the time of the transfers were about $351 million, $351 million, and $703 million.

Due to their size and the time they were made, these transactions raised different theories in the XRP community. Some presumed early escrow releases, and others reported the presence of whales hoarding XRP.

Nevertheless, further research on blockchain data served the purpose of reducing the source of these movements.

Evidence Points to Ripple Partner SBI VC Trade as Source

Based on the information provided by the account of @XRPwallets in X, it is possible to state that the massive XRP transfers were possible because Ripple has a major Japanese partner, SBI Holdings. The company is said to have conducted the transactions through its exchange arm, SBI VC Trade.

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

As XRPscan data points out, two transactions, sending 160 million XRP respectively, started at address “SBI VC TRADE 4.” This amount of money was transferred to an unknown wallet with the ending -QjNRCZ. This aided in making it clear that the transactions had nothing to do with early escrow discharge by Ripple.

Although the sender of the addresses was found, an unknown location of delivery has been received, and the idea of the movement transfer relation has not been revealed officially. Ripple or SBI has not commented on the purpose of these massive transfers.

Therefore, users intensely observe these wallet addresses to ensure any subsequent action. Others assume that the XRP might be an internal asset restructuring or liquidity deal involving the activities of the SBI.

The absence of an official statement has still created greater speculation. With the XRP community further scrutinizing on-chain data, most have been wondering whether this is a one-off or a much larger strategy.

Also Read: Ripple Ends Legal Battle with SEC as Both Parties Withdraw Appeals