<p>The post <a href="https://coinpedia.org/news/ripples-monthly-locking-of-800m-xrp-coins-took-place-amid-xrp-price-surge/">Ripple’s Monthly Locking Of 800M XRP Coins Took Place, Amid XRP Price Surge</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a></p> 
<p>Ripple’s decision to lock 800 million XRP into escrow has sparked interest among investors and the cryptocurrency community, especially as XRP prices surged by 6.1%, defying market sell-off trends. Alongside this strategic move, Ripple’s transfer of 60 million XRP to an unknown wallet has stirred speculation within the XRP community regarding this move.</p> 
<h2 class="wp-block-heading" id="h-800m-xrp-lock-to-escrow">800M XRP Lock To Escrow</h2> 
<p>Ripple, the company behind XRP, has made a strategic move by locking 800 million XRP into escrow. However, this transaction was executed in three series: 100 million, 200 million, and 500 million, demonstrating careful management of its token supply.</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper"> 
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr"><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f512.png" alt="🔒" class="wp-smiley" style="height: 1em; max-height: 1em;"> <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f512.png" alt="🔒" class="wp-smiley" style="height: 1em; max-height: 1em;"> <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f512.png" alt="🔒" class="wp-smiley" style="height: 1em; max-height: 1em;"> <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f512.png" alt="🔒" class="wp-smiley" style="height: 1em; max-height: 1em;"> <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f512.png" alt="🔒" class="wp-smiley" style="height: 1em; max-height: 1em;"> <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f512.png" alt="🔒" class="wp-smiley" style="height: 1em; max-height: 1em;"> <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f512.png" alt="🔒" class="wp-smiley" style="height: 1em; max-height: 1em;"> <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f512.png" alt="🔒" class="wp-smiley" style="height: 1em; max-height: 1em;"> <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f512.png" alt="🔒" class="wp-smiley" style="height: 1em; max-height: 1em;"> <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f512.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">#XRP</a> (258,724,981 USD) locked in escrow at <a href="https://twitter.com/hashtag/Ripple?src=hash&amp;ref_src=twsrc%5Etfw">#Ripple</a><a href="https://t.co/gOe8fT1VvW">https://t.co/gOe8fT1VvW</a></p>— Whale Alert (@whale_alert) <a href="https://twitter.com/whale_alert/status/1785817807357088000?ref_src=twsrc%5Etfw">May 1, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
 </div>
</figure> 
<p>Perhaps this decision is part of <a href="https://coinpedia.org/news/ripple-to-unlock-1billion-xrp-on-1st-may-is-xrp-price-to-drop/" target="_blank" rel="noreferrer noopener">Ripple’s routine strategy of monthly releases</a>, where a portion of the cryptocurrency is unlocked to enhance market liquidity while the majority is returned to escrow. The purpose of this strategy is to ensure liquidity for cross-border transactions and maintain market stability.</p> 
<p>While such releases can impact short-term price fluctuations due to increased supply, they align with Ripple’s long-term vision for sustainability in the crypto ecosystem.&nbsp;</p> 
<h3 class="wp-block-heading" id="h-mysterios-60-million-xrp-transaction-nbsp">Mysterios 60 Million XRP Transaction&nbsp;</h3> 
<p>The locking of XRP into escrow coincides with several other notable transactions involving Ripple. Prior to locking the 800 million XRP, Ripple received 1 billion XRP from various addresses, contributing to market speculation.&nbsp;</p> 
<p>Additionally, Ripple transferred 60 million XRP to two unknown wallets each consisting of 30M – <a href="https://twitter.com/whale_alert/status/1785819204043612624" target="_blank" rel="noreferrer noopener">30M XRP token</a>, further adding to investor interest and speculation.&nbsp;</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper"> 
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr"><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f6a8.png" alt="🚨" class="wp-smiley" style="height: 1em; max-height: 1em;"> 30,000,000 <a href="https://twitter.com/hashtag/XRP?src=hash&amp;ref_src=twsrc%5Etfw">#XRP</a> (15,524,867 USD) transferred from <a href="https://twitter.com/hashtag/Ripple?src=hash&amp;ref_src=twsrc%5Etfw">#Ripple</a> to unknown wallet<a href="https://t.co/n5RfZYzUQH">https://t.co/n5RfZYzUQH</a></p>— Whale Alert (@whale_alert) <a href="https://twitter.com/whale_alert/status/1785819468028891199?ref_src=twsrc%5Etfw">May 1, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
 </div>
</figure> 
<p>Meanwhile, these transactions occur against the backdrop of the ongoing <a href="https://coinpedia.org/news/ripple-vs-sec-xrp-price-surge-6-1-ahead-of-crucial-filing-deadline/" target="_blank" rel="noreferrer noopener">Ripple vs. SEC lawsuit</a>, which has intensified with the SEC’s recent filing of a reply.</p> 
<h2 class="wp-block-heading" id="h-xrp-price-analysis">XRP Price Analysis</h2> 
<p>Despite fluctuations in major cryptocurrencies like Bitcoin and Ethereum, <a href="https://markets.coinpedia.org/xrp/" target="_blank" rel="noreferrer noopener">XRP</a> has demonstrated by gaining 4.30% and reaching $0.51. However, the trading volume for XRP has declined by 16.39% to $1.37 billion over the last 24 hours. Presently, XRP’s market capitalization stands at $28.58 billion.</p> 
<p>Also Check Out : <a href="https://coinpedia.org/news/ripple-vs-sec-xrp-price-surge-6-1-ahead-of-crucial-filing-deadline/"></a><a href="https://coinpedia.org/news/ripple-unlocks-500m-xrp-from-escrow-xrp-traders-panic-for-price-drop/">Ripple Set to Unlock $500 Million XRP from Escrow: Should Investors Panic?</a></p>

Ripple’s Monthly Locking Of 800M XRP Coins Took Place, Amid XRP Price Surge

目次

CoinPedia News

2024年5月2日公開の他の記事

BlackRock’s IBIT ETF Faces Its First Ever Outflow Of $36.6M!

Is Celestia’s Price Heading for a New Low?

Long-Awaited DeFi Exchange Infinex Reveals Launch Date

BlockDAG Leads As The Top Performer Among Cryptos Under $1, Outshining SHIB, PEPE, TRON, BTCMTX, ...

Bitcoin miner Riot Platforms reports record $211M Q1 net income

Quickex Reaches New Heights: 200+ Coins Now Available!

ニュースレターを購読して暗号資産の最新情報を毎日入手！