Speculation-Creating Move from Ripple: 800 Million XRP Locked, Here’s the Price Reaction!

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Ripple The company’s decision to hold 800 million This strategic move, as well as Ripple’s transfer of 60 million XRP to an unknown wallet, led to speculation about this move within the XRP community.

800 Million XRP Move from Ripple

Ripple makes a strategic move by escrowing 800 million XRP made. However, this process was carried out in three series. This transaction demonstrates careful management of the token supply, including 100 million, 200 million and 500 million.

Perhaps this decision is part of Ripple’s routine monthly release strategy; Here crypto- While some of the money is opened to increase market liquidity, the majority is returned to escrow. The purpose of this strategy is to provide liquidity for cross-border transactions and maintain market stability.

While such releases may impact short-term price fluctuations due to increased supply, they are in line with Ripple’s long-term vision for sustainability in the crypto ecosystem.

60 Million XRP Transactions

The escrow placement of XRP coincides with several other notable transactions involving Ripple. Ripple added to market speculation by receiving 1 billion XRP from various addresses before locking up 800 million XRP.

Additionally, Ripple further increased investor interest and speculation by transferring 60 million XRP to two unknown wallets consisting of 30M – 30M XRP tokens each.

Meanwhile, these transactions are the subject of Ripple vs. Ripple, which the SEC recently intensified with a response filing. It takes place against the backdrop of SEC litigation.

XRP Price Analysis

Bitcoin Despite fluctuations in major cryptocurrencies such as Ethereum and Ethereum, XRP gained 4.30% to $0.51. However, XRP’s trading volume decreased by 16.39% in the last 24 hours to $1.37 billion. In addition, the market value of XRP currently stands at $28.58 billion.

You can access current market movements here.


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