• Written by: Abdulkarim Abdulwahab
  • Wed, 02 Aug 2023
  •   United States

Ripple locks back 800 million XRP to its escrow wallet shortly after releasing 1 billion tokens for August. The leading blockchain tracking and analytics system, Whale Alert, has captured the latest development involving Ripple’s XRP tokens. The tracking resource confirmed in a recent tweet that Ripple has locked back 800 million XRP tokens to its […] The post Ripple Locks Back 800 Million XRP to Escrow after Releasing 1B  first appeared on The Crypto Basic.

Ripple Locks Back 800 Million XRP to Escrow after Releasing 1B 

Ripple locks back 800 million XRP to its escrow wallet shortly after releasing 1 billion tokens for August.

The leading blockchain tracking and analytics system, Whale Alert, has captured the latest development involving Ripple’s XRP tokens. The tracking resource confirmed in a recent tweet that Ripple has locked back 800 million XRP tokens to its escrow wallets shortly after releasing 1 billion tokens for August.

800M XRP Back to Escrow

According to the tweet, 300 million XRP tokens, with a staggering value of $209 million, were securely locked away in the Ripple Escrow wallet.

This strategic move showcased Ripple’s commitment to implementing a controlled and well-planned release of its XRP reserves, exuding prudence and responsibility in its token management approach.

Whale Alert further disclosed that an even more substantial amount of XRP had been returned to escrow. The 500 million XRP, equivalent to over $349 million, has been locked in the controlled account.

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