Crypto Live News
Author: Nidhi KolhapurNidhi is a Certified Digital Marketing Executive and Passionate crypto Journalist covering the world of alternative currencies. She shares the latest and trending news on Cryptocurrency and Blockchain. May 4, 2024 11:19
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.
2024-05-04 05:49:01
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