Foresight News reports that according to Whale Alert monitoring, Ripple re-locked 1 billion XRP in a custody wallet today at 2:21, valued at approximately 1.546 billion dollars. Previously, Ripple stated that it would use a custody account system to provide transparency and certainty to the XRP market. The company locks a majority of its XRP holdings to ensure that it does not supply the market excessively and manipulate prices.
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Ripple re-locked 1 billion XRP in a custody wallet this morning
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XRP
2.6304
+7.58%
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