Ripple Possibly Locks 700 Million XRP in Escrow as XRP Shows Signs of Recovery
Main Idea
Ripple locked 700 million XRP in escrow as part of its monthly supply management, while XRP's price showed resilience by recovering to nearly $3 after a market downturn.
Key Points
1. Ripple executed three large XRP escrow transactions totaling over $2 billion, locking 700 million XRP as part of its monthly routine.
2. XRP's price dropped more than 10% following the Federal Reserve's announcement but later recovered to nearly $3.
3. Whale Alert tracked significant XRP movements linked to Ripple’s escrow activities, including transfers from unknown wallets.
4. Ripple traditionally unlocks 1 billion XRP monthly and re-locks about 80% to control supply.
5. XRP's recovery reflects underlying market strength, supported by Ripple’s escrow management and liquidity.
Description
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