Ripple Locks 700 Million XRP Tokens in Escrow for Ongoing Operations

Ripple has recently locked 700 million XRP tokens in an escrow account, according to data from Whale Alert. This follows two separate transactions involving the transfer of 200 million and 300 million XRP to unknown wallets. Ripple typically releases a billion XRP from its escrow on a monthly basis, but this month’s action of locking away 700 million XRP demonstrates a strategic approach to managing its liquidity and operational needs.