Ripple Locks 700 Million XRP Back in Escrow After Unlocking 1 Billion
- —Ripple locked 700 million XRP worth $1.4 billion in escrow
- —The tokens were moved in two transfers of 400 million and 300 million XRP
- —Earlier the same day Ripple unlocked 1 billion XRP from escrow
- —XRP declined roughly 2.5% over the past 24 hours
Why it matters: Ripple's monthly escrow releases and relocks shape expectations for XRP supply, though the token showed little price reaction this time.
Source: U.Today