Ripple Unlocks 1 Billion XRP From Escrow Wallet Amid Price Change

Ripple Unlocks 1 Billion XRP From Escrow Wallet Amid Price Change


Bitcoinist
2023-05-01 13:30:22

Ripple has released 1 billion locked XRP tokens from an unknown wallet. According to the whale-tracking site Whale Alert, Ripple released the tokens in two transactions of 500 million XRP each. The recent action follows Ripple’s monthly routine when it unlocks tokens from a pre-timed Escrow system. Ripple designed its Escrow system to lock some