Odaily Planet Daily News According to Whale Alert monitoring, a total of 1 billion XRP was unlocked from the Ripple custody wallet in three transactions this morning.
Ouyi OKX market shows that XRP is currently trading at 0.52091 USDT, with a 24H increase of 0.33%.
According to previous news in July, Ripple releases XRP from escrow accounts at the beginning of each month as usual. Ripple said it uses an escrow account system to provide transparency and certainty to the XRP market. The company locks up the majority of its XRP holdings, ensuring it does not oversupply the market and manipulate prices. However, the company also uses XRP in escrow accounts to invest in and support projects in the Ripple ecosystem. Releasing 1 billion XRP tokens from escrow accounts each month does not mean that all will enter the market. Ripple may choose to sell some of it to institutional or retail investors, use some for its own purposes, or return some to a new trust.