Ripple Withdraws 1 Billion XRP from Escrow, Helping Whales Shift 133 Million XRP

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Ripple Withdraws 1 Billion XRP from Escrow, Helping Whales Shift 133 Million XRP
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1 billion XRP unlocked by Ripple as it keeps injecting $XRP into the market. whale_alert

Per recent tweets by popular blockchain service that traces large crypto transactions Whale Alert, about twelve hours ago, major crypto company Ripple Labs moved three lumps of XRP, carrying 500, 400 and 100 million coins, from escrow.that Ripple traditionally unlocks on the first day of a new month and has been doing so since early 2018.

In the meantime, anonymous whales have transferred roughly 133 million XRP tokens, moving them between crypto exchanges.Ripple continues to release one billion XRP each month from one of its escrows. Despite concerns expressed in November that the company had stopped doing that, crypto researcher Leonidas Hadjiloizou dispelled that rumor, referring to data provided by @XRP_EscrowBot.

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