Ripple Escrow Transactions Surge: Record $6.1 Billion XRP Move Disrupts XRP Market

Ripple’s escrow transactions generated a monumental ripple effect this past September 1st, with a staggering $6.08 billion XRP moving across wallets. Whale Alert reported the transfers, showcasing several significant unlocks and subsequent re-lockings in quick succession. The first day of September saw Ripple release 500 million XRP ($1.38 billion) followed by 300 million XRP ($830 million), and another 200 million XRP ($553 million). While a portion of this supply will likely remain locked back in escrow, Ripple released 700 million XRP, returning an initial balance of 400 million ($1.1 billion) and 300 million ($828 million) respectively.