Ripple’s Unusual 670 Million XRP Escrow Action Stuns the XRP Army

Ripple has executed an unexpected lockback of 670 million XRP tokens into escrow, according to on-chain tracking by Whale Alert. This occurred through two separate transactions, one locking 470 million XRP and another locking 200 million XRP, deviating sharply from the company’s long-standing monthly routine of unlocking 1 billion XRP at the start of each month. The June escrow unlock, typically expected on June 1st, has not yet occurred, amplifying speculation across the XRP Army and the broader crypto markets. Source: Whale Alert Ripple’s Established Escrow Pattern Over the years, Ripple has employed a systematic monthly escrow mechanism to manage the release of XRP into the market. Each month, the company unlocks 1 billion XRP , uses a portion for operational expenses, liquidity support, or institutional sales, and then locks back any unused amount into new escrows. Historically, Ripple has returned a significant share, sometimes as high as 700 million XRP, of the unlocked tokens back into escrow, demonstrating its efforts to maintain a controlled supply and reduce inflationary pressure on the XRP price. However, this month’s activity departs significantly from that pattern. As of June 2nd, Ripple has not conducted the expected 1 billion XRP unlock. Instead, the company locks 670 million XRP, a move that has fueled intrigue and speculation within the XRP community. We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 Market and Community Reactions The XRP Army, the passionate and vocal community of XRP supporters, has responded to the news with a mix of surprise, excitement, and speculation. Some view the lockback as a bullish signal, suggesting that Ripple has no immediate need for liquidity and is prioritizing long-term tokenomics over short-term gains. Others wonder whether the company is preparing for a major announcement or business shift that will require a more conservative supply stance. While the community awaits further details, one thing is clear: Ripple’s surprise escrow move has reignited interest and debate around one of the crypto market’s most closely followed tokens. All eyes will now be on Ripple’s next steps. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on Twitter , Facebook , Telegram , and Google News The post Ripple’s Unusual 670 Million XRP Escrow Action Stuns the XRP Army appeared first on Times Tabloid .

Source: TimesTabloid