Ripple’s XRP Escrow: 700 Million Locked, 2 Billion Spent!

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Oh, the wonders of the crypto world! 🦄 Whale Alert, that sly old fox, has spotted three mammoth transactions by Ripple, the crypto dragon who hoards XRP like a goblin with a treasure chest. 💸

More than $2 billion worth of XRP was shifted in three moves—like a magician pulling rabbits out of a hat, but with digital coins. Meanwhile, XRP, the stubborn little donkey, has managed to regain the $3 level after a 4.17% gallop backward. 🐴

Ripple locks 700 million XRP in escrow

Whale Alert, ever the gossip, revealed the details of three crypto transactions on its X account. Several hours ago, 100,000,000 XRP, 500,000,000 XRP, and 100,000,000 XRP were moved by Ripple and locked in escrow accounts like a squirrel hiding nuts. 🪙

Those transactions were worth $296 million, $1.48 billion, and $296 million—totaling a grand $2.078 billion. A fortune so large, even a witch would blink. 🧙‍♂️

Traditionally, on the first day of a new month, Ripple unlocks 1 billion XRP from escrow and then locks back 800 million. This year, though, it’s playing hide-and-seek, releasing on the 2nd-3rd day. Today? August 2. Coincidence? I think not. 🕵️‍♀️

Prior to that, Whale Alert spotted two other giant transactions. 200,000,000 XRP worth $591 million and 300,000,000 XRP valued at $886 million were transferred to Ripple from an unknown wallet. Likely linked to the escrow, like a secret handshake. 🤝

XRP recovers after the recent drawdown

This week, the crypto market was pushed into the red zone as the Fed, that stern old man, kept rates the same. Bitcoin reacted by going down, and the rest of the market followed like sheep. 🐑

XRP lost more than 10% since Wednesday, falling from $3.32. On Friday, it shed 4.2%—a sad little sob. But today, it tried a 3.35% recovery, briefly hitting $3 before slumping 1.28%. At the time of this writing, XRP is at $2.98. A cliffhanger, if you will. 🎬

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2025-08-02 12:05