A post by @whale_alert on X.
100,000,000 $XRP (125,150,998 USD) locked in escrow at #Ripple
@whale_alert on X
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Ripple locked 100,000,000 XRP, worth $125,150,998, into escrow, according to a Whale Alert tweet. The transaction, flagged by the on-chain tracking service, reflects Ripple's ongoing escrow program, which releases and re-locks XRP supplies on a scheduled basis. Escrow locks remove tokens from immediate circulating supply, a mechanism Ripple has used since 2017 to manage sell pressure from its XRP holdings. The lock's market impact appears limited, as the amount aligns with Ripple's routine monthly escrow cycles rather than an unusual transfer. Traders and analysts typically monitor these escrow transactions for signals on Ripple's supply management strategy and potential effects on XRP liquidity.
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XRP (XRP), Ripple (XRP), Whale Alert
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