In a routine procedure, San Francisco-based payments company Ripple has witnessed the unlocking of 1 billion XRP tokens from escrow. 

The development, which occurred in the early hours of today, saw the company’s escrow wallets release 1 billion XRP, valued at $621.78 million, across three transactions. 

Transaction Details 

Data from Whale Alert shows that the escrow system first unlocked 500 million XRP ($310.64 million) today at 02:53 UTC. Six minutes later, the second escrow release, containing 400 million XRP ($248.88 million), was executed. Afterward, the Ripple escrow system unlocked the last batch of XRP for October, featuring 100 million tokens worth $62.24 million. This transaction was executed at exactly 03:00 UTC, bringing Ripple’s total XRP unlock for October to 1 billion XRP. 

It bears mentioning that all three transactions were initiated by OffEscrowerOfDai, a blockchain account frequently associated with Ripple’s monthly XRP unlocks. 

#XRPGoal #Crypto #CryptoNewsDaddy #CryptoNews🚀🔥" #CryptoNewss