SBI Holdings, through its subsidiary SBI VC Trade, transferred 320 million XRP tokens on June 30, 2025. Whale Alert first reported the transaction, which initially appeared to be between unknown wallets. However, further blockchain investigation revealed the sender was a wallet linked to SBI VC Trade. Notably, this wallet moved the XRP tokens to a newly created address, which immediately caught the community’s attention.
The significance of this transfer grows as Ripple is set to release 1 billion XRP from escrow on July 1 as part of its ongoing monthly program. The new wallet receiving the XRP was created on the same day as the transfer, fueling theories of internal reallocation or custodial restructuring. Analysts are closely watching the movement, as the establishment of new custodial structures could signal preparations for broader institutional services or new bridge currency use cases.
In the hours after the transfer, XRP trading activity was up. The weekly price of the token increased by over 8%, whereas the token had decreased by 0.46% on average in the previous 24 hours. The trading volume increased dramatically by 37% to a total of 1.91 billion, indicating an increase in market participation and interest.
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