A Ripple-affiliated account recently engaged in the transfer of more than 50 million XRP to various cryptocurrency exchanges, indicating a substantial sale. On May 1st, Ripple, the entity responsible for XRP, unleashed 1 billion XRP from its initial distribution balance, after which the tokens were securely stored in escrow wallets until 2027. Of the total, 200 million XRP were moved to the company’s treasury account, while the remaining 800 million were re-secured in the escrow wallets. Stay up to date on the latest financial and business news by visiting COINTURK FINANCE.
