700,000,000 XRP Locked By Ripple In Three Giant Moves

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.