More than 600,000,000 XRP in June, what's happening?

Ripple Labs, a major blockchain company, has moved over 630 million XRP in a series of high-value transactions related to internal wallets and unidentified entities. This activity began late on June 1, 2025, before the company unlocked 1 billion XRP as per the standard, raising speculation throughout the cryptocurrency ecosystem. These developments, first tracked by Whale Alert, occur against the backdrop of Ripple strategically moving XRP, even as there are still many questions about the company's evolving escrow operations. The transfer of XRP signals an internal restructuring. According to on-chain data, the first notable money transfer occurred at 11:00 PM UTC, when 330 million XRP was sent from a tagged Ripple wallet to another wallet. The XRPScan blockchain explorer then confirmed this as an internal transaction — transferring money from Ripple 26 to Ripple 1. Just two minutes later, Ripple 26 initiated another transaction, transferring 170 million XRP to a third Ripple-managed wallet, tagged Ripple 15 These wallet shuffles appear to be part of a larger internal restructuring, which is likely to take place before wider distribution or operational liquidity adjustments. Ripple locked 670 million XRP in Escrow However, the most notable difference from Ripple's standard protocol is the absence of the 1 billion XRP monthly unlock scheduled for June 1 — a long-standing tradition observed at the beginning of each month. Instead, Ripple has implemented a dual locking escrow operation with a total of 670 million XRP. 200 million XRP has been secured by collateral from Ripple 14,470 million XRP additionally locked by Ripple 15, just received a portion of the shuffled tokens. The move is in line with the model that Ripple began to establish earlier this year. For example, in May 2025, Ripple also made internal transfers and escrow locks before officially issuing billions monthly. A delay in June could hint at a change in activity or increase sensitivity to market dynamics. Ripple moved 130 million XRP to an external wallet. The activity does not stop at deposit activities. Shortly after 11:14 PM UTC, a wallet tagged Ripple 39 started transferring XRP to unidentified external addresses. Specifically: 50 million XRP has been sent to the wallet rGBvE…9aBk240 million XRP each has been transferred to rHVjf…QsZW7 and rDK26…ziAee The total amount of this outgoing transfer is 130 million XRP, which is likely to be transferred to liquidity providers, partner institutions, or strategic reserves. With 470 million XRP currently being escrowed and 130 million XRP being moved out, Ripple has transferred over 600 million tokens this month — and this is just the first week of June. What is the driving force behind Ripple's strategic shift? Ripple's developing escrow and payment model is noteworthy because the company has long used escrow accounts to control the circulating supply of XRP. Traditionally, Ripple releases 1 billion XRP on the first day of each month and locks up the unused portion. However, since the end of 2024, Ripple seems to be exploring more sophisticated strategies, possibly in response to: The demand is increasing from financial institutions using RippleNet for cross-border payments. The liquidity requirements related to Ripple's upcoming stablecoin, RLUSD. Adding to the appeal is Ripple's increasing participation in new markets. The company has recently expanded its presence in the Middle East and Southeast Asia, regions where the demand for on-demand liquidity solutions (ODL) is rapidly growing. XRP price remains stable amid whale activity Despite significant fluctuations, the price of XRP remains relatively stable. As of the time of writing this article, XRP is trading at $2.15, reflecting slight volatility after transactions — a sign that the market has become accustomed to Ripple's monthly wallet changes. However, analysts warn that Ripple's continuous deviation from the predictable escrow structure could affect investor sentiment and on-chain trust metrics, especially if the company retains 1 billion XRP for a longer release. In summary: Ripple's wallet activity in June marks a significant change from the company's usual operations. With over 630 million XRP moved, including 470 million locked in escrow accounts and 130 million routed externally, all attention is focused on the timing and potential purpose of unlocking the delayed 1 billion XRP.