The post Ripple Partner Transfers $703M XRP, Why It May Be a Good News? appeared on BitcoinEthereumNews.com.

SBI Holdings and a long-standing partner of Ripple, has sparked speculation with a massive $703 million XRP transfer. The move has piqued interest about its motive, particularly in light of the upcoming 1 billion XRP escrow release by Ripple. With the initial destination wallet speculated to be a new creation, there are rumors that the platform’s move is linked to custodial restructuring.  SBI Holdings Transfers 320M XRP In a recent X post, Whale Alert revealed the transfer of a massive 320 million XRP, valued at $703 million. Initially, the transaction was reported between unknown wallets, but further investigation identified the source as SBI VC Trade, a subsidiary of SBI Holdings and Ripple’s partner. Reportedly, the wallet rNR…6jS sent these massive XRP tokens to the wallet r9z…RCZ. Additionally, two separate transactions of 160 million XRP each were reported to different wallet addresses. Source: XRPScan; SBI Holdings Move XRP Following this move, the XRP price has seen a notable uptrend with its price surging by more than 8% over the past week. Despite a 24-hour dip of 0.46%, the token has increased by 2.5% in a week. The trading volume has also surged by a staggering 37%, currently at $1.91 billion. Ripple To Unlock 1 Billion XRP on July 1 Significantly, the timing of SBI Holdings’ XRP transfer, coinciding with Ripple’s upcoming escrow release, raises eyebrows and sparks speculation. Reportedly, Ripple is set to unlock 1 billion XRP tokens from its escrow on July 1, 2025, as part of its regular monthly schedule that began in 2017. In June, the platform released 1 billion XRP tokens from escrow, valued at approximately $2.21 billion. In May, as reported by CoinGape, the firm unlocked 1 billion tokens in three transactions, amounting to 500 million, 300 million, and 200 million XRP. As the next release…

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Filed under: News - @ June 30, 2025 12:28 pm