Saturday, September 26, 2020
No menu items!
  • News
  • Cryptocurrency
  • XRP News
  • Contact Us
More

    500 Million XRP Locked In Escrow at Ripple

    Must Read

    VeChain Integrates Coinbase’s Rosetta to Simplify Blockchain Interoperability

    A few hours ago, VeChain Foundation announced the integration of Rosetta, the Coinbase’s toolkit designed to simplify blockchain development...

    Veteran Investor Who Bought 1 Million BTC in 2013 Reveals Strategy for Success in Investing

    The chairman of Virgin Galactic, Chamath Palihapitiya, who purchased one million Bitcoin (BTC) in 2013, has revealed his investment...

    Crypto Whales Moved $319 Million in BTC, ETH, and XRP As Market Recovers

    According to recent data, crypto whales are moving millions of dollars in Bitcoin (BTC), Ethereum (ETH), and Ripple’s digital...
    Tobi Loba
    Tobi Loba
    Tobi-Loba is a creative and an award-winning writer with over 5 million readers from all over the world. She has B.A in English and Literature from a reputable University and currently studying for her M.A in the same field. She recently became a contributor at Herald Sheets in order to fulfill her thirst in reporting crypto and blockchain occurrences, the interest she built over the years.




    According to Whale Alert, the live tracker of large cryptocurrency transactions from and to exchanges, 500 million XRP has recently been locked in escrow at Ripple. This transaction was effected on 3rd February 2020 at 23:34:20 UTC and shared on Twitter by Whale Alert.

    The huge transaction was termed “back to me”, so it won’t raise any alarm of Ripple’s consistent sales of the digital token XRP.

    500 Billion XRP Locked In Escrow at Ripple

    Image Credit: Whale Alert

    Ripple’s Sale of XRP to Exchanges Keeps Declining as Promised

    Sometimes in the just concluded year, Ripple, the US-based blockchain tech that oversees the distribution of XRP assured that the sales of the digital asset to the exchanges will keep declining in the subsequent quarters, and this is already playing out.

    Many crypto enthusiasts and some XRP community members believe that this incessant sale of the cryptocurrency to the exchanges is the major factor affecting the price growth of the digital currency, while Ripple has consistently claimed otherwise.

    Ripple has consistently taken time to disclaim the control it allegedly has over the price of the digital token XRP, assuring that the monthly sales are not meant to control the price of the third-largest digital currency by market capitalization.

    XRP and Other Cryptocurrency in the Market

    Virtually all the top 20 digital currencies in the market have been in the red zone over the past hours. This implies price depreciation. Bitcoin (BTC), the largest cryptocurrency has since lost its minor support, dipping towards the $9,000 regarded as its major support for the next price uptrend.

    the top 20 Altcoins, including Ripple’s digital token XRP, are replicating the same price trend. However, there might be no cause for alarm as moments of price retraction which would be followed by price resurgence abound in the crypto market.

    At the time of filing this report, XRP is trading $0.250769, with a 0.59% price downtrend in the last 24 hours.




    LEAVE A REPLY

    Please enter your comment!
    Please enter your name here

    Latest News

    VeChain Integrates Coinbase’s Rosetta to Simplify Blockchain Interoperability

    A few hours ago, VeChain Foundation announced the integration of Rosetta, the Coinbase’s toolkit designed to simplify blockchain development...

    Veteran Investor Who Bought 1 Million BTC in 2013 Reveals Strategy for Success in Investing

    The chairman of Virgin Galactic, Chamath Palihapitiya, who purchased one million Bitcoin (BTC) in 2013, has revealed his investment strategy for spotting the next...

    Crypto Whales Moved $319 Million in BTC, ETH, and XRP As Market Recovers

    According to recent data, crypto whales are moving millions of dollars in Bitcoin (BTC), Ethereum (ETH), and Ripple’s digital token XRP, as the cryptocurrency...

    Cambridge Study: 100M People Worldwide Now Hold Bitcoin and Other Crypto-Related Assets

    As a notable indication that cryptocurrency is going worldwide, the research conducted by the Cambridge Centre for Alternative Finance shows that 100 million people...

    XRP Ledger Foundation Officially Launched

    According to a latest information, XRP Ledger Foundation has been launched officially. This update was shared via the official Twitter handle of the newly launched...

    More Articles Like This