The XRP community was caught off guard on over the weekend after blockchain tracking services recorded a sudden and massive release of XRP from Ripple’s escrow wallets. Within minutes, three separate transfers totaling 1 billion tokens occurred, with the most notable single transfer moving 500 million tokens, worth about $1.64 billion, to an unknown wallet.

Two other transfers from Ripple added another 500 million tokens, valued at roughly $1.64 billion combined. The total value of these movements came to about $3.28 billion, and the fact that they happened outside the usual schedule left many wondering what was going on.

Ripple’s Unscheduled $3.28 Billion XRP Release Shocks Community

The news quickly spread when Xaif (@Xaif_Crypto on X), a well-known voice in the community, po

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