Whale Monitoring: 170 million $XRP (valued at $376,274,990) has been locked in an escrow account at Ripple.

Source: whale_alert (X)

What does this event mean?

Locking coins in escrow means Ripple cannot act on this amount immediately, reducing the available supply in the market.

Potential impact:

Positive in the short term: Reduced supply may alleviate selling pressure, which could support the price of XRP.

Higher investor confidence: Such a move indicates Ripple's commitment to not flooding the market.

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