According to Whale Alert, a popular Twitter account that tracks large cryptocurrency transactions, 200 million XRP has been locked up from a Ripple address. The transaction took place on June 23, 2023, and the XRP was sent to a non-custodial wallet. This is not the first time that Ripple has locked up XRP. In May 2023, the company locked up 500 million XRP for five years. Ripple has said that it is locking up XRP to reduce the circulating supply of the cryptocurrency and to increase its value. The price of XRP has been rising in recent weeks, and this latest move by Ripple is likely to further boost its price. XRP is currently trading at $0.42, up 10% in the past 24 hours.

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