Following Ripple's traditional funds withdrawal from escrow on Aug. 1-2, when the company released one billion XRP coins, another large amount of XRP was spotted leaving the same source. Data provided by Whale Alert blockchain tracker reveals that Ripple unleashed 500 million XRP on Saturday, Aug. 3. This impressive sum is valued at approximately $282 million in fiat.

As stated in Ripple's recent report, the company still holds a massive 4.682 billion XRP in its cold crypto wallets. Recall that Ripple has been releasing XRP from escrow on a monthly basis for the past seven years to support the coin's liquidity on the market and provide some XRP coins to its institutional clients working with payments.$BTC #XRPGoal $BNB #ETH_ETFs_Approval_Predictions #MarketDownturn