In a thrilling plot twist witnessed recently, XRP, a cryptocurrency backed by Ripple Labs, birthed a torrent of speculative buzz among crypto market enthusiasts across the globe as Ripple locked massive amounts of coins in escrow. Data unveiled by the blockchain tracker Whale Alert suggested a staggering 800 million XRP locked in escrow today over a series of three transactions.
Meanwhile, as these transactions surfaced within the broader crypto market, pro-XRP lawyer Bill Morgan added valuable insights, orbiting the change in sentiment for Ripple’s escrow locks. The Ripple-backed cryptocurrency traded in the green as of press time, falling in line with the payments company’s massive tokens lock. Derivatives data further birthed inferences for XRP’s recent topping of the $0.62 mark, garnering global attention.
Ripple’s Escrow Lock: A Closer Look
According to the data revealed by Whale Alert, these 800 million XRP coins were locked in escrow today, March 2, in three transactions
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