"Ripple has taken a strategic step by placing 800 million XRP in escrow, responding to increased whale activity. This move has stirred speculation within the crypto market, following two notable escrow locks and substantial whale transactions associated with XRP. On-chain data from Whale Alert reported a significant movement of 867.6 million XRP, with 800 million securely locked in escrow at Ripple and 67.6 million XRP transferred to various CEXs. The XRP price experienced an upward trajectory coinciding with the substantial escrow locking.
Whale Alert's blockchain tracking platform documented two distinct transactions for the escrow locking of XRP. The addresses r9UâŠiYp and rB3âŠcPn secured 300 million and 500 million XRP in escrow at Ripple, respectively. The total value of locked XRP tokens reached $404.86 million at the time of reporting, generating heightened interest among traders and investors.#Write2Earn
