Well, would you look at thatâXRP has finally hit the glorious age of thirteen. Not quite old enough to remember the days when it was just a twinkle in Arthur Brittoâs eye, but old enough to start causing a bit of a fuss. Coincidence? Probably not. Ripple, in an act of celebratory exuberance thatâs almost charming, has decided to transfer over 600 million XRP in one go. Because nothing screams âhappy birthdayâ like a massive token shuffle, right?
Ripple Moves Over 600M XRP Tokens â Because Why Not? đł
Whale Alert, in its usual flair for drama, spotted a fantastic procession of whales shuffling their treasure. First, a whopping 330 million tokens vanished from an anonymous walletâprobably to somewhere very importantâonly to reappear inside Rippleâs own âRipple 26â wallet before being transferred to âRipple 1â. Keep up, this is crypto ballet. Then, just two minutes laterâyes, twoâanother 170 million XRP decided to join the fun. All of which neatly accounts for 670 million XRP getting locked away in escrow, which, for those outside the crypto bubble, is just fancy talk for âweâre hiding this from you for a bit.â
330,000,000 #XRP (716,729,507 USDâbecause itâs always about the money) moved from mystery wallet to Ripple, oh how mysterious! â Whale Alert (@whale_alert) June 1, 2025
But Ripple isnât done twirling its digital dollar-dance. Instead of simply releasing its usual billion XRP on the 1st of the month and re-locking most of itâhow quaintâtheyâve been shuffling tokens first, because whatâs a celebration without a little chaos? This May, they pulled a fast one: unlocked a billion XRP slightly early, then re-locked 700 million again, making the usual routine look positively sluggish.
Ripple Keeps the Party Going đ
Following its 670 million escrow lock-up, Ripple decided to get creativeâtransferring 130 million XRP to various unknown wallets on June 1. One wallet, perhaps a fan of suspense, took 50 million, while two others got 40 million each. Clearly, Rippleâs gearing up for some sort of grand schemeâmaybe acquisitions, maybe just playing with their digital Play-Doh. Who knows? The point is, with a reserve that could make even Scrooge McDuck jealous, they seem ready to take on the worldâor at least expand a little.
Meanwhile, XRPâs price has taken a dive, dropping over 7% this week and falling below that oh-so-important $2.23 support levelâtrading around a modest $2.15. Technical analysts are crying into their charts, but the long-term outlook remains⌠optimistic? Well, thatâs what they say. The future is bright, or so they hope, especially with upcoming events that might just give XRP a kick in the proverbial backside.
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2025-06-02 13:41