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Ripple Locks Back 900 Million XRP into Escrow Shortly After Releasing 1 Billion Tokens

Ripple has locked back 900 million XRP into its escrow account shortly after releasing 1 billion tokens for June. This was detected by cryptocurrency whale tracking service Whale Alert, which revealed that three transactions involving a total of 900 million XRP were transferred back into the escrow wallet. Ripple usually locks a significant amount of the XRP coins it releases from escrow monthly while using the remaining tokens to fund business operations. This process helps maintain XRP price stability amid the ongoing SEC lawsuit. XRP has regained momentum and surged 2.3% in the past 24 hours, currently changing hands at $0.5189.

XRP XRP $1.38
-6.65%
XRP
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