700,000,000 XRP Locked By Ripple In Three Giant Moves
Main Idea
Ripple locked 700 million XRP in escrow transactions, part of its routine monthly process, while XRP's price showed recovery after a recent decline.
Key Points
1. Ripple locked 700 million XRP in escrow in three transactions totaling over $2 billion.
2. Traditionally, Ripple unlocks 1 billion XRP at the start of each month and relocks around 800 million XRP, but recent releases have shifted to the 2nd-3rd day.
3. XRP's price dropped over 10% from a local high of $3.32 but briefly recovered to $3 before declining again to $2.98.
4. Whale Alert reported two other large XRP transactions linked to Ripple's escrow: 200 million XRP ($591.87M) and 300 million XRP ($886.31M).
5. The broader cryptocurrency market followed a similar price trend as XRP during this period.
Description
Ripple stuns the community by moving more than $2 billion worth of XRP
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