According to news from CoinWorld, monitored by Whale Alert, starting at 2:21 AM today, Ripple has re-locked 1 billion XRP in a custody wallet, valued at approximately $1.546 billion. Previously, Ripple stated that it uses a custody account system to provide transparency and certainty for the XRP market. The company locks up the majority of its XRP holdings to ensure that it does not oversupply the market and manipulate prices. However, the company also uses XRP in custody accounts to invest in and support projects within the Ripple ecosystem. Releasing 1 billion XRP tokens from the custody account each month does not mean that all of them will enter the market. Ripple may choose to sell some of them to institutional or retail investors, use some for its own purposes, or return some to new trusts.

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