2024

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<p>The community has witnessed a series of transactions that moved millions in XRP. Whale Alert has identified that Ripple made these transcations.</p>
<p>The fact that millions of XRP were locked and then millions were unlocked raised suspicions about the action’s purpose.</p>
<h2 class="wp-block-heading" id="the-unlocking-events">The Unlocking Events</h2>
<p>According to Whale Alert, the following transactions were observed:</p>
<ul>
 <li><a href="https://x.com/whale_alert/status/1807917762452271576" target="_blank" rel="noopener noreferrer nofollow">400,000,000 XRP</a> ($190,728,451)&nbsp;</li>
 <li><a href="https://x.com/whale_alert/status/1807917423053451514" target="_blank" rel="noopener noreferrer nofollow">100,000,000 XRP</a> ($47,682,368)&nbsp;</li>
 <li><a href="https://x.com/whale_alert/status/1807916649250455852" target="_blank" rel="noopener noreferrer nofollow">500,000,000 XRP</a> ($238,594,088)&nbsp;</li>
</ul>
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   <p lang="en" dir="ltr"><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f513.png" alt="🔓" class="wp-smiley" style="height: 1em; max-height: 1em;"> <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f513.png" alt="🔓" class="wp-smiley" style="height: 1em; max-height: 1em;"> <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f513.png" alt="🔓" class="wp-smiley" style="height: 1em; max-height: 1em;"> <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f513.png" alt="🔓" class="wp-smiley" style="height: 1em; max-height: 1em;"> <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f513.png" alt="🔓" class="wp-smiley" style="height: 1em; max-height: 1em;"> <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f513.png" alt="🔓" class="wp-smiley" style="height: 1em; max-height: 1em;"> <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f513.png" alt="🔓" class="wp-smiley" style="height: 1em; max-height: 1em;"> <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f513.png" alt="🔓" class="wp-smiley" style="height: 1em; max-height: 1em;"> 400,000,000 <a href="https://twitter.com/hashtag/XRP?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#XRP</a> (190,728,451 USD) unlocked from escrow at unknown wallet<a href="https://t.co/JiaUpdPz0R" target="_blank" rel="noopener noreferrer nofollow">https://t.co/JiaUpdPz0R</a></p>— Whale Alert (@whale_alert) <a href="https://twitter.com/whale_alert/status/1807917762452271576?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">July 1, 2024</a>
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<p>These unlocks total 1 billion <a class="wpil_keyword_link" href="https://captainaltcoin.com/ripple-xrp-price-prediction/" title="XRP" data-wpil-keyword-link="linked" target="_blank" rel="noopener noreferrer nofollow">XRP</a> tokens, worth over $476 million at current market rates.</p>
<p><strong><em>Read more: <a href="https://captainaltcoin.com/top-10-crypto-unlocks-to-watch-in-july-altlayer-alt-and-aptos-apt-dominate/" target="_blank" rel="noopener noreferrer nofollow">Top 10 Crypto Unlocks to Watch in July: Altlayer (ALT) and Aptos (APT) Dominate</a></em></strong></p>
<p>Interestingly, just hours prior to these unlocks, Whale Alert also reported major locking events:</p>
<ul>
 <li><a href="https://x.com/whale_alert/status/1807893949375221824" target="_blank" rel="noopener noreferrer nofollow">500,000,000 XRP</a> (approximately $238,844,129 USD)&nbsp;</li>
 <li><a href="https://x.com/whale_alert/status/1807893653882314847" target="_blank" rel="noopener noreferrer nofollow">300,000,000 XRP</a> (approximately $143,204,464 USD)&nbsp;</li>
</ul>
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   <p lang="en" dir="ltr"><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f512.png" alt="🔒" class="wp-smiley" style="height: 1em; max-height: 1em;"> <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f512.png" alt="🔒" class="wp-smiley" style="height: 1em; max-height: 1em;"> <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f512.png" alt="🔒" class="wp-smiley" style="height: 1em; max-height: 1em;"> <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f512.png" alt="🔒" class="wp-smiley" style="height: 1em; max-height: 1em;"> <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f512.png" alt="🔒" class="wp-smiley" style="height: 1em; max-height: 1em;"> <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f512.png" alt="🔒" class="wp-smiley" style="height: 1em; max-height: 1em;"> <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f512.png" alt="🔒" class="wp-smiley" style="height: 1em; max-height: 1em;"> <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f512.png" alt="🔒" class="wp-smiley" style="height: 1em; max-height: 1em;"> <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f512.png" alt="🔒" class="wp-smiley" style="height: 1em; max-height: 1em;"> <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f512.png" alt="🔒" class="wp-smiley" style="height: 1em; max-height: 1em;"> 500,000,000 <a href="https://twitter.com/hashtag/XRP?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#XRP</a> (238,844,129 USD) locked in escrow at <a href="https://twitter.com/hashtag/Ripple?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#Ripple</a><a href="https://t.co/M7KA88Hq07" target="_blank" rel="noopener noreferrer nofollow">https://t.co/M7KA88Hq07</a></p>— Whale Alert (@whale_alert) <a href="https://twitter.com/whale_alert/status/1807893949375221824?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">July 1, 2024</a>
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<p>These locks total 800 million XRP, worth about $382 million. These transactions are most likely a part of Ripple’s normal monthly escrow activities, given the timing and sums involved. But there were also concerns about the difference in the amount locked and unlocked.</p>
<p>Ripple regularly releases a large amount of XRP tokens from its escrow account. This is usually done at the beginning of the month. Ripple’s operating procedure now includes this step as regular practice.</p>
<p><strong><em>Read more:&nbsp;<a href="https://captainaltcoin.com/this-solana-meme-coin-continues-to-outperform-dogwifhat-wif-and-bonk/" target="_blank" rel="noopener noreferrer nofollow">This Solana Meme Coin Continues to Outperform dogwifhat (WIF) and BONK</a></em></strong></p>
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<p>The post <a href="https://captainaltcoin.com/is-ripple-behind-massive-400-million-unlock-in-xrp/" rel="noopener noreferrer nofollow">Is Ripple Behind Massive $400 Million Unlock in XRP?</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Is Ripple Behind Massive $400 Million Unlock in XRP?

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