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<p>San Francisco-based blockchain company Ripple has <a href="https://twitter.com/whale_alert/status/1761593513681006627" rel="noopener noreferrer nofollow">unlocked</a> 400 million XRP tokens, worth approximately $217 million, from its escrow account, according to Whale Alert.</p>
<p>This move has sparked widespread intrigue within the community because of its unexpected timing. Moreover, there is a bizarre memo accompanying the transaction. The memo cryptically questioned the execution of February's escrow and included peculiar shout-outs: "February escrow was not executed? Hmm. !!TRWBT!! Welcome back Hodor!! John Deaton!!"</p>
<h2 id="unusual-timing">Unusual timing</h2>
<p>The <a href="https://u.today/xrp-makes-crucial-price-move-but-massive-roadblock-is-ahead" rel="noopener noreferrer nofollow">XRP</a> community has been left puzzled by the recent unlock, with many pointing out that the timing does not align with Ripple's usual schedule.</p>
<p>The X social media network saw a wave of reactions from community members. Comments ranged from speculation about the unlock being a week early to theories suggesting it could be three weeks late.</p>
<p>This unusual event follows a February transaction where only half a billion XRP tokens were locked in escrow, contrasting with the amount unlocked in January.</p>
<h2 id="ripple-s-escrow-practices">Ripple's escrow practices</h2>
<p><a href="https://u.today/kraken-cites-ripple-case-in-its-response-to-sec" rel="noopener noreferrer nofollow">Ripple</a> typically unlocks a significant amount of XRP tokens from its escrow account on the first day of every month, a practice that has become a standard part of its operating procedure.</p>
<p>This mechanism is designed to provide transparency and predictability to XRP's supply, ensuring that no more than a predetermined amount of tokens can be sold in the market at any given time.</p>
<p>By doing so, Ripple aims to mitigate the risk of market manipulation and maintain stability in XRP's price.</p>
<p>The monthly unlock also serves to fund Ripple's operations, development projects and investments in the blockchain ecosystem.</p>

Ripple's 400 Million Token Unlock Mystifies Community

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