The post Here is How Much XRP They Hold appeared on BitcoinEthereumNews.com.

According to crypto whale tracking service Whale Alert, prominent blockchain company Ripple has released another 1 billion XRP coins from its escrow account. Ripple Labs, a famous fintech company, has unlocked another 1 billion XRP from its escrow account. The development was shared today by the leading crypto whale tracking service, Whale Alert. 1B XRP Unlocked According to Whale Alert, the 1 billion XRP were unlocked in three different transactions on October 1 at exactly 00:00 (UTC). For the first transaction, a total of 500 million XRP worth $299.9M XRP were unlocked from the escrow account. 🔓 🔓 🔓 🔓 🔓 🔓 🔓 🔓 🔓 🔓 500,000,000 #XRP (299,906,071 USD) unlocked from escrow at #Ripplehttps://t.co/aBFIs4q7Ef — Whale Alert (@whale_alert) November 1, 2023 – Advertisement – This was followed by another 400M XRP release valued at around $239.92 million. 🔓 🔓 🔓 🔓 🔓 🔓 🔓 🔓 🔓 🔓 400,000,000 #XRP (239,924,857 USD) unlocked from escrow at #Ripplehttps://t.co/sBasI0iMrd — Whale Alert (@whale_alert) November 1, 2023   The final transaction saw a total of 100 million XRP, worth $59.98 million, unlocked from the escrow account. 🔓 🔓 🔓 100,000,000 #XRP (59,981,214 USD) unlocked from escrow at #Ripplehttps://t.co/FqIC4wfHSu — Whale Alert (@whale_alert) November 1, 2023 Ripple Moves 50M XRP Notably, the transactions follow an earlier movement of 50M XRP transferred from one of Ripple’s accounts to an unknown address. 🚨 🚨 50,000,000 #XRP (29,870,608 USD) transferred from #Ripple to unknown wallethttps://t.co/iENd3mRrtp — Whale Alert (@whale_alert) October 31, 2023 Per Whale Alert data, the transaction occurred yesterday at 23:26 (UTC). Following the transaction, the Ripple address now holds 166.34M XRP, while the recipient address currently has a balance of 54.72M XRP. Ripple Monthly Token Unlock Program The 1B XRP unlocked from escrow is part of a routine token unlock program Ripple performs on the first…

---

Filed under: News - @ November 1, 2023 8:26 am