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: The Oversold Bounce—A Bottom or a Shorting Opportunity? 8 hours ago
  • The Making of a Political Darling: Is Chainlink’s Government Deal a Victory for Tech or... 4 days ago
  • Google Steps Into Blockchain: A New Front in the “Ledger Wars” 6 days ago
  • Bitcoin Weekly Analysis: Is a Bear Market on the Horizon? 8 days ago
  • AI Fraud Is Breaking the Internet’s Trust Economy. Can Compliance Tech Keep Up? 11 days ago

    • You need to login to comment.