400M XRP Escrow Unlocked: Potential Price Surge Ahead

The post 400M XRP Escrow Unlocked: Potential Price Surge Ahead appeared first on Coinpedia Fintech News

400 million XRP tokens have been released from escrow, raising speculation on price movements. A blockchain tracking platform, Whale Alert has disclosed this major unlock, valued at $213.9 million. However, the wallet’s owner remains undisclosed. The source of this unlock remains elusive unlike typical XRP escrow unlocks by Ripple Labs Inc. In fact, this incident coincides with a significant price hike of XRP, currently trading at $0.5318, marking a 2.01% increase. Ripple previously unlocked 800 million XRP leading to a 2.74% price dip. Hence, Ripple’s motive behind these moves sparks speculation, specifically amidst the Ripple vs SEC lawsuit.