Gains

Ripple locked back 900 million XRP into its escrow account shortly after it released 1 billion tokens for June. Data from cryptocurrency whale tracking service Whale Alert shows that Ripple recently sent back 900 million XRP to escrow less than 24 hours after it released 1 billion coins. Recall that the Silicon Valley firm released 1 billion XRP yesterday as part of its usual procedure, as reported by The Crypto Basic. Details of the Transaction A few hours after the 1 billion XRP escrow release, Whale Alert detected three transactions involving a total of 900 million XRP transferred back into the escrow wallet. Each involved 200 million XRP, 300 million XRP, and 400 million XRP. The first transaction, which occurred yesterday at exactly 20:18 (UTC), saw Ripple lock back 200 million XRP worth $101.79M in escrow. The second transaction occurred barely 5 minutes later and involved the transfer of 300 million XRP valued at $152.7 million to the escrow wallet. Two minutes later, Ripple carried out the third transaction, locking an additional 400M XRP worth $204.18 million in escrow. This suggests that Ripple has locked 90% of the 1B XRP coins it released yesterday. It is worth noting that the

Ripple Locks Back 900M XRP in Escrow as XRP Posts Gains

TheCryptoBasic

Other articles published on Jun 2, 2023

Quinta Net Zero Homes

Hedera Hashgraph Enhances Transparency and Trust in Finance

The BEST $1000 Portfolio for Crypto’s Next Bull Run

Coinbase Introduces Bitcoin and Ether Futures for Institutional Investors on Derivatives Exchange

Nike NFTs Set to Enter EA Sports Games, Delighting Millions of Fans

Coinbase proceeds with US bitcoin and ether futures

Join our free newsletter for daily crypto updates!