SBI Shifts $703M in XRP Before 1B Token Unlock—Is This a Masterstroke or Market Gamble?
Japan's financial giant SBI just made a power move—transferring $703 million worth of XRP days before a scheduled 1 billion token release. The timing screams strategy, but is it genius or just another rich-player chess move?
Behind the curtain: Whale alert or whale wisdom?
SBI's wallet activity lit up blockchain trackers like a Tokyo neon sign. The transfer comes as Ripple prepares to unleash 1 billion XRP from escrow—an event that's historically shaken prices. Are they front-running the dump... or playing a deeper liquidity game?
The institutional playbook gets crypto-fied
Traditional finance would call this 'positioning.' Crypto Twitter's calling it 'a whale being a whale.' Either way, it's proof that when big money moves in crypto, they don't ask for permission—they send transactions.
Closing thought: In a world where 'unlock' often means 'discount,' SBI's move might just be the ultimate 'buy the rumor' play. Or another reminder that in crypto, the house always wins—they just use decentralized ledgers now.
Ripple’s long-standing partner SBI Holdings recently made a huge XRP transfer worth a whopping $703 million, driving speculation through the roof.
On-chain metrics provider Whale Alert called out this development by revealing the transfer of 320 million XRP.
This significant token movement happened before Ripple’s monthly release of 1 billion XRP from escrow.
Therefore, speculations are high that SBI made a preemptive maneuver in anticipation that increased supply might suppress XRP’s price.
XRP’s Stagnation Intensifies
XRP’s price has been range-bound for a couple of weeks, with the 4th-largest cryptocurrency based on market capitalization finding itself in the $2.10 and $2.20 zone.
Nevertheless, market analyst Lingrid believes that all hope is not lost because as long as XRP continues to hold the $2.00 base, the altcoin might witness a breakout to the $2.45 area.
She added, “XRP is gradually rising inside a broad channel structure, approaching the descending resistance line after a series of bullish triangle formations. Momentum has shifted upward following repeated bounces from the lower support line, creating a stair-step climb. Buyers are accumulating pressure just under resistance with a potential spike imminent.”
Meanwhile, a crypto strategist known for accurately predicting the mega xrp price eruption in the fourth quarter of 2024 says that the Ripple-affiliated crypto may be on the verge of igniting another parabolic surge.
The pseudonymous analyst DonAlt stipulated that XRP might be gearing up for “Round 2” of its bullish run.
As a wait-and-see approach engulfs XRP, the altcoin is currently trading at $2.22.
