As reported by BitcoinWorld, Ripple has locked 300 million XRP in escrow, valued at over $150 million, according to blockchain tracker Whale Alert. This move is part of Ripple’s structured program to manage XRP supply through scheduled escrow releases, aiming to control inflation and prevent sudden market dumps. The action reduces the liquid supply of XRP, potentially stabilizing the price and signaling long-term planning. Whale movements like this are closely watched for their impact on market sentiment and investor confidence.
Ripple Locks 300 Million XRP in Escrow, Sparks Market Analysis
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