Ripple Moves $1.1 Billion Worth of XRP in Escrow Unlock, What’s Next?

Ripple has sent a significant signal to the cryptocurrency market with a move of over $1.1 billion worth of XRP on May 1st. This large transaction, flagged by Whale Alert and reported as part of Ripple’s regular escrow unlocks, involved 500 million XRP flowing across their wallets. While this action sparked curiosity, on-chain data confirmed these transfers were not outward moves to external wallets but rather a planned release from the firm’s monthly escrow obligations. Ripple relocked over 700 million of the unlocked XRP in subsequent transactions. This easing of concerns about potential dumps was part of Ripple’s strategy to continue fueling growth within their ecosystem.