A wallet labeled Ripple on Xrpscan sent 35 million XRP, worth $52,425,783, to an unlabeled address at 00:21 UTC on Oct. 2. The receiving wallet, opened in December 2024, routed 6.5 million XRP to one downstream address through three payments within roughly two and a half hours, leaving about 28.6 million XRP in the first wallet. All three transfers used the same destination tag, a routing number commonly used by exchanges and custodians to direct XRP Ledger payments to a customer or purpose, although the wallets’ controllers remain unidentified. The same Ripple account sent 25 million XRP on Oct. 1 and smaller payments ranging from 250,000 to roughly 3 million XRP on Sept. 30. The activity coincided with Ripple’s tenth 1 billion XRP escrow release of the year. Separately, U.S. spot XRP ETFs recorded $4.0655 million in net inflows on Oct. 1, while Ethereum spot ETFs posted $55.37 million in outflows. XRP ETFs generated $25.87 million in trading volume and held $1.695 billion in total net assets against $1.794 billion in cumulative inflows.