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TechFlow news, December 2 — According to Whale Alert monitoring, Ripple re-locked 770 million XRP into its escrow wallet at 2:21 today, valued at approximately $1.487 billion. Previously, Ripple stated that it would use the escrow account system to provide transparency and certainty for the XRP market. The company locks up the majority of its XRP holdings to ensure they do not flood the market and manipulate prices.
According to Whale Alert monitoring, Ripple re-locked 770 million XRP into its escrow wallet at 2:21 today, worth approximately $1.487 billion. Previously, Ripple stated that it would use the escrow system to provide transparency and certainty for the XRP market. The company locks up the majority of its XRP holdings to ensure they do not flood the market and manipulate prices.
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