Ripple unlocked 1 billion XRP tokens from escrow on Monday, following its usual schedule of releasing tokens at the start of each month.
Whale Alert, which tracks large crypto transactions, reported two major XRP transactions as part of Ripple’s scheduled token release from escrow.
On March 1, 2025, 500 million XRP worth $1.09 billion was transferred, followed by another 500 million XRP worth $1.4 billion on March 3, 2025. These large movements highlight Ripple’s ongoing distribution strategy and its impact on XRP’s market dynamics.
Despite an initial price surge after the crypto reserve announcement, XRP has dropped over 4%, now trading at $2.44. The decline followed a $147.5 million XRP transfer to Bithumb, a major South Korean exchange. South Korean traders have a strong influence on XRP’s price.
Ripple’s latest report reveals that the company still holds over 38 billion XRP tokens, with around 4.5 billion readily available. Some critics, like entrepreneur Naval Ravikant, argue that U.S. taxpayers should not support cryptocurrencies they see as only “decentralized in name.”
Also Read: Ripple (XRP) Price Surges 9% to $2.17 Following BTC Rally
