news 
Ripple Locks 700 Million XRP (Worth over $2.08 Billion) Back into Escrow
In a stunning move, Ripple has re-locked 700 million XRP tokens back into escrow, a decision that has sent shockwaves through the cryptocurrency community.
According to reports, the company executed two major transactions in quick succession, with one transaction involving 500 million XRP and another 200 million XRP. Both transactions were publicly identified via blockchain monitoring platforms and later shared by crypto analyst Xaif (@Xaif_Crypto) on X.
The re-locking of these massive amounts of XRP back into escrow has sparked widespread debate about the potential impact this decision may have on the market. Some experts believe that this move could potentially stabilize the price of XRP, which has been struggling to regain its footing after a recent decline.
It’s worth noting that Ripple’s escrow system was introduced in 2017 as a means of addressing long-standing concerns over the circulating supply of XRP. Through this mechanism, a maximum of 1 billion XRP is released monthly, which some experts believe helps preserve the scarcity and value of the asset.
Source: timestabloid.com
