A post by @whale_alert on X.
500,000,000 $XRP (624,349,605 USD) locked in escrow at #Ripple
@whale_alert on X
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Ripple locked 500 million XRP, worth approximately $624.3 million, into escrow, according to blockchain tracker Whale Alert. The transaction is part of Ripple's established monthly escrow program, which releases up to 1 billion XRP per month from its original 55 billion XRP escrow holdings, with unused tokens typically re-locked. Escrow locks constrain the potential circulating supply of XRP, a factor traders monitor closely given Ripple's status as one of the largest XRP holders and the token's sensitivity to supply-related headlines. At the implied price of roughly $1.25 per token, the lock suggests XRP was trading near that level at the time of the transaction. Market participants will watch whether Ripple re-locks the full amount at month-end, the pace of future escrow releases, and any impact on XRP liquidity and exchange order books.
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Named in this story
XRP (XRP), Ripple (XRP), Whale Alert
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