Ripple’s Monthly Locking Of 800M XRP Coins Took Place, Amid XRP Price Surge

The post Ripple’s Monthly Locking Of 800M XRP Coins Took Place, Amid XRP Price Surge appeared first on Coinpedia Fintech News

Ripple’s decision to lock 800 million XRP into escrow has sparked interest among investors and the cryptocurrency community, especially as XRP prices surged by 6.1%, defying market sell-off trends. Alongside this strategic move, Ripple’s transfer of 60 million XRP to an unknown wallet has stirred speculation within the XRP community regarding this move.

Ripple, the company behind XRP, has made a strategic move by locking 800 million XRP into escrow. However, this transaction was executed in three series: 100 million, 200 million, and 500 million, demonstrating careful management of its token supply.