Altcoin News

Ripple Locks 800 Mln XRP in Escrow Amid Soaring Whale Activity, What’s Happening?

XRP gained significant traction today as its price jumped amid Ripple's 800 Mln escrow lock and burgeoning whale activity.
Published by
Ripple Locks 800 Mln XRP in Escrow Amid Soaring Whale Activity, What’s Happening?

Highlights

  • Ripple locks 800 million XRP in escrow.
  • XRP whale on offloading spree dumps 67.6 million XRP to CEXs
  • XRP price jumps, mirroring the significant XRP escrow lock.

XRP, one of the most prominent cryptocurrencies by global market cap, birthed a hurricane of speculative buzz across the broader crypto market on Thursday following two noteworthy escrow locks and two significant whale transactions noted by the Ripple-backed token. On-chain data highlighted by the blockchain tracker Whale Alert suggests a staggering 867. 6 million XRP was on the move today, nabbing significant attention globally. Out of these XRP, 800 million tokens were locked in escrow at Ripple, whereas 67.6 million XRP was dumped to CEXs. Meanwhile, the XRP price also showcased a jump today, aligning with the significant locking of XRP in escrow at Ripple.

Advertisement

Ripple Locks Escrow Amid Soaring Whale Dumps

According to the blockchain tracking platform Whale Alert, XRP was locked in escrow today via a series of two transactions. The first transaction showcased the locking of 300 million XRP in escrow at Ripple by the address r9U…iYp. Whereas, in another transaction, the address rB3…cPn locked 500 million XRP in escrow at Ripple. The locked XRP tokens totaled $404.86 million as of press time, piquing traders’ and investors’ interest across the crypto market.

On the other hand, XRP transfers to CEXs Bitstamp and Bitso appear to have birthed additional inferences across the crypto horizon. As per Whale Alert’s data, the wallet address …Rzn, shifted 67.6 million XRP to the aforementioned CEXs in a series of two transactions.

Firstly, the address shifted 37.9 million XRP to Bitstamp, a Luxembourg City-based CEX, whereas, in another transaction, it moved 29.7 million XRP to Bitso, a Mexican City-based CEX. Intriguingly, these transfers to Bitstamp & Bitso have recently emerged as a recurring phenomenon following Ripple’s strategic stake acquisition in the above-mentioned CEXs.

Also Read: Crypto Prices Today: Bitcoin, Ethereum, Solana, Pepe Coin Rebound As PYTH Leads Rally

Advertisement

XRP Price Springs

As of writing, the XRP price showcased a noteworthy surge of 1.83% over the past 24 hours and is currently trading at $0.5041. However, the weekly chart portrayed a 1.54% drop, further accompanied by a 20.31% monthly plunge.

Notably, today’s price pump seems to be aligning with the massive locking of XRP in escrow at Ripple, as the tokens are removed from the total circulating supply till certain conditions are met. Meanwhile, XRP Whale, a renowned crypto market enthusiast, propelled market optimism for the Ripple-backed token, stating, “XRP is about to moon.”

Also Read: Tether CEO Slams JPMorgan on Latest USDT Report And ‘Negative’ Outlook

Advertisement

Share
Coingapestaff

CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.

Published by
Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

Recent Posts

  • 24/7 Cryptocurrency News

Gold Vs Bitcoin – Peter Schiff Predicts BTC Will Be ‘Rugged by Gold’

The long-running rivalry between gold and Bitcoin has resurfaced. Economist and gold advocate Peter Schiff…

October 8, 2025
  • 24/7 Cryptocurrency News

CEA Industries’ BNB Holdings Reach 480K as Binance Coin Hits New ATH of $1,300

BNB has surged to a record $1,300, overtaking XRP in market value, as CEA Industries…

October 7, 2025
  • 24/7 Cryptocurrency News

Peter Brandt Predicts XRP Could Drop to $2.2 If This Happens

Veteran trader Peter Brandt has dropped another XRP analysis, in which he revealed what could…

October 7, 2025
  • 24/7 Cryptocurrency News

Fed’s Stephen Miran Says He’s ‘Sanguine’ on Inflation Outlook as He Backs More Rate Cuts

Federal Reserve Governor Stephen Miran has again suggested that he isn't worried about the inflation…

October 7, 2025
  • 24/7 Cryptocurrency News

S&P Launches Crypto 50 Index But There’s A Catch

S&P Dow Jones Indices has introduced a new crypto index called the S&P Digital Markets…

October 7, 2025
  • 24/7 Cryptocurrency News

NYSE Owner ICE to Invest $2B in Polymarket as Interest in Prediction Markets Heats Up

Crypto predictions platform Polymarket has secured a strategic investment from New York Stock Exchange (NYSE)…

October 7, 2025