According to Odaily Star Daily, Whale Alert monitoring shows that starting at 8:08:11 Beijing time, 500 million XRP were unlocked from unknown wallet custody through two transactions, worth over 970 million dollars.

Note: On December 1, Ripple will unlock tokens worth 1.6 billion dollars in the form of three transactions, namely 200 million, 300 million, and 500 million XRP, accounting for 1.75% of the current circulating supply. Ripple unlocks 1 billion XRP tokens from the custody system through the XRP Ledger on the first day of each month.