PANews reported on December 2 that according to Whale Alert monitoring, Ripple has re-locked a total of 1 billion XRP to the escrow wallet at 2:21 and 2:22 am today, worth about 1.546 billion US dollars. Ripple previously stated that it will use the escrow account system to provide greater transparency and certainty to the XRP market. The company locked most of its XRP holdings to prevent oversupply and price manipulation in the market.
Ripple locked 1 billion XRP into a custodial wallet early this morning
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