Ripple Unlocks $1 Billion in XRP, Impacting Market Sentiment

Ripple has recently unlocked 500 million XRP from its escrow account, estimated to be worth approximately $1.02 billion, according to PANews. This movement was detected by Whale Alert around 3:04 PM UTC+8. The substantial release of this amount of XRP could significantly influence the cryptocurrency market dynamics, as Ripple frequently unlocks XRP to manage liquidity and support its operations.