Ripple crypto behemoth has again unlocked gigantic amount of XRP, while whales moved much smaller one
About twelve hours ago, major crypto company Ripple Labs moved three bales of XRP carrying 500, 400 and 100 million coins from escrow, according to a recent tweet by popular blockchain service Whale Alert that detects large crypto transactions. .
This makes up a billion XRP coins that Ripple traditionally unlocks on the first day of a new month and has been doing so since early 2018.
Meanwhile, anonymous whales have moved around 133 million XRP tokens, moving them between crypto exchanges.
Another billion XRP goes out of escrow
Ripple continues to release one billion XRP each month from one of its escrows. Despite concerns expressed in November that the company had stopped doing that, crypto researcher Leonidas Hadjiloizou dispelled that rumor, referring to data provided by @XRP_EscrowBot. He stated that Whale Alert is no good for tracking XRP released from Ripple’s escrows.
Typically around 800 million XRP are held by Ripple for further use, and 200 million are locked back until the next roll out.
133 million XRP moved; Ripple and Binance in focus
According to the same source, there were five other transfers that moved slightly over 130 million XRP — a total of 132.7 million of these coins.
Anonymous whales moved 24,000,000-30,000,000 XRP chunks between crypto exchanges (Bitrex, Binance, Bitstamp, etc.). However, one transaction stands out here because it was made from a wallet belonging to Ripple to a Binance address.
A total of 24,470,000 XRP were sent from the blockchain behemoth to the largest crypto exchange by trading volume.
