According to TechFlow, Whale Alert monitored that at 5:30 am Beijing time on June 2, 1 billion XRP was transferred to Ripple from an unknown wallet (starting with rw2hzLZ) in three transactions.

At around 5:41 Beijing time, Ripple locked a total of 800 million XRP (in two batches) in a custodial wallet, with a total value of more than US$416 million.

Later at 5:47, 200 million XRP were transferred from an unknown wallet (starting with rhyp1uM) to Ripple.

In addition, two unknown wallets (starting with rw2hzLZ and rDqGA2G) unlocked a total of 1 billion XRP, each unlocking 500 million XRP, worth more than US$519 million.