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Ripple Unlocks 1B XRP From Escrow, Sends 50M Tokens to Unknown Wallet

The development is part of the company’s scheduled periodic escrow executions.

Ripple has initiated its routine escrow execution exercise for the month of March, unlocking a total of 1 billion XRP tokens. The latest executions occurred barely 8 hours after the Silicon Valley company transferred 50 million tokens to an unidentified wallet yesterday.

The 1 billion XRP tokens were concurrently released in four distinct escrow executions, and then transferred to two addresses associated with Ripple. Bithomp data confirms that these transactions were carried out precisely at midnight (UTC) today.

(By ALBERT BROWN)

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