Ripple’s Escrow System Shifts: Record 1.2B XRP Locked in Hours

Ripple’s monthly escrow routine has triggered market interest, with a significant 700 million XRP transfer observed within hours following the release of 1 billion XRP on November 1st, according to on-chain tracking platform Whale Alert. The transaction involved two distinct transfers: one for 500 million XRP and another for 200 million XRP. This activity followed Ripple’s swift movement of 500 million XRP into unknown wallets, before the company’s usual monthly escrow release schedule remains unclear, raising questions about potential changes in this long-standing practice.