800 Million XRP Locked in Ripple Custody Wallets
According to BlockBeats, on March 2nd, Whale Alert monitoring reported that a total of 800 million XRP were locked in Ripple custody wallets through three transfer transactions. The value of these transactions is approximately $476 million.
These large transfers indicate a significant amount of XRP being moved into secure custody, potentially for long-term holding or other purposes. The Whale Alert monitoring system tracks large cryptocurrency transactions, providing insights into the movement of digital assets within the market.
As the market continues to evolve, the locking of such a substantial amount of XRP in Ripple custody wallets highlights the growing importance of secure storage solutions for digital assets. This development may also have implications for the overall liquidity and stability of the XRP market.#XRP/USDT๐ฅ๐ฅ