The XRP price was on the investors’ radar today, amid a massive whale transfer of the coin. Meanwhile, Ripple has locked 800 million XRP to escrow today, amid a series of other hefty transfers, which have sparked speculations over the potential move of Ripple behind the transfers. Notably, this move comes after the firm unlocked 500 million XRP from Escrow recently.
Ripple Locks 800 million XRP Amid Massive Whale Transfer
XRP, the native crypto of Ripple, has gained traction in the market today, as evidenced by the surge in its price. Meanwhile, Ripple has locked 800 million in three transactions to Escrow, sparking speculations in the broader crypto market.
This action follows Ripple’s routine strategy of unlocking 1 billion XRP from Escrow each month. While such releases are customary, they play a crucial role in Ripple’s operational dynamics.
Previously, XRP lawyer Bill Morgan said that a portion of the released XRP is utilized to enhance the circulating supply, whi
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