Ripple Unlocks 1 Billion XRP: Escrow Release Details Revealed

Ripple Unlocks 1B XRP Amid U.S. Government’s Strategic Reserve Plans

Ripple Unlocks– Ripple recently observed the release of a significant amount of XRP from its escrow system, as highlighted by Whale Alert. The release occurred in three transactions earlier this morning, coinciding with news from the U.S. government confirming plans to add XRP to its strategic crypto reserve.

The first transaction saw 100 million XRP, worth approximately $279.8 million, released to the Ripple address ‘rGK…Bdh’ at 2:37 UTC. Eight minutes later, an additional 400 million XRP, valued at $1.12 billion, was unlocked and sent to the same address. This brought the total unlocked tokens to 500 million XRP.

Just moments later, another Ripple address, ‘rHG…bQr,’ received 500 million XRP, valued at $1.4 billion, in a single transaction, pushing the total unlocked amount to 1 billion XRP, worth $2.8 billion. This release aligns with Ripple’s customary monthly escrow release cycle.

XRP Movement and Re-locking

Interestingly, the wallet ‘rGK…Bdh,’ which received the 500 million XRP, chose not to move any tokens to external addresses for potential liquidation. However, before this release, the wallet transferred 300 million XRP to another address on March 1, followed by another 200 million XRP, which was re-locked in escrow.

The second address, ‘rHG…bQr,’ which received the 500 million XRP in one transaction, has also held onto its tokens at press time. This address had previously moved 500 million XRP to the ‘rDd…eCK’ address on March 1, where the tokens were re-locked in escrow before the release occurred today.

If Ripple continues its typical pattern, it could re-lock the 100 million XRP moved by the ‘rGK…Bdh’ address, bringing the total re-locked tokens to 800 million XRP, leaving a net release of 200 million XRP. This ongoing re-locking process highlights Ripple’s strategic management of its escrow system.

Disclaimer: This article is for informational purposes only and does not constitute investment advice. Cryptocurrencies and stocks, particularly in micro-cap companies, are subject to significant volatility and risk. Please conduct thorough research before making any investment decisions.