Ripple just moved over 600 million XRP; Incoming crash?
Blockchain firm Ripple Labs has moved 630 million XRP, worth roughly $1.3 billion at current prices, in a departure from its usual 1 billion token unlock schedule. According to blockchain tracking platform Whale Alert , the first major transaction occurred at 11:00 p.m. UTC on June 1, when an anonymous wallet sent 330 million XRP to an address linked to Ripple. 330,000,000 #XRP (716,729,507 USD) transferred from unknown wallet to #Ripplehttps://t.co/TDrDt6mFTl — Whale Alert (@whale_alert) June 1, 2025 However, data from XRPScan confirmed the move was an internal transfer between two Ripple-controlled wallets, Ripple 26” and “Ripple 1.” Just two minutes later, “Ripple 26” transferred another 170 million XRP to “Ripple 15,” bringing the total internal movement to 500 million XRP. Ripple XRP internal transactions. Source: XRPScan Shortly after, Ripple locked up 670 million XRP in escrow across two transactions. The first, via wallet “...