Express

Whale Alert: 1 billion XRP transferred from Ripple Escrow wallet to Ripple

Yiran Dai

Summary: Whale Alert reported altogether 1 billion XRP transferred from Ripple Escrow wallet to Ripple on the first day of May, amounting to nearly a quarter-billion USD.

Whale Alert reported altogether 1 billion XRP transferred from Ripple Escrow wallet to Ripple on the first day of May, amounting to nearly a quarter-billion USD. The three transactions separately included 400 million, 500 million, and 100 million XRP. Among the 1 billion XRP transferred, 900 million tokens are locked in escrow at Ripple, per Whale Alert.

Ripple owns over 50% of XRP and unlocks the token from escrow monthly to third parties. According to Daily Hodl, Ripple XRP sales dropped by 86% in Q1 2020, as the company sold $1.75 million worth of XRP. 

By Yiran Dai

Last Update:

Tags: ,,
Link: Whale Alert: 1 billion XRP transferred from Ripple Escrow wallet to Ripple   [Copy]
Next:

Related Articles

  • BTC Weekly Outlook: A Bullish Week, but Signs Point to a Shift to Defensive Play 2 hours ago
  • Figma's IPO Triumph and Crypto Bet: How a Design Disruptor Stunned Wall Street After a ... 11 days ago
  • When Stablecoins Tear Down Banks’ Interest Margin Moats — A Third Look at the U.S. “Ge... 12 days ago
  • Twitter Space Highlight: Is Altcoin Season Coming? Unpacking BTC, Institutions & RWA 14 days ago
  • BTC Weekly: Momentum Top Divergence Signals Potential Shift Lower 14 days ago

    • You need to login to comment.