Ripple Transfers Millions of XRP on 13th Anniversary
Ripple has recently carried out several large XRP transactions, drawing attention across the crypto space. On Sunday, Whale Alert reported a notable transfer of 330 million XRP from an unknown wallet to Ripple. Not long after, an additional 170 million tokens followed. These substantial movements appear to be part of Ripple’s routine management of XRP holdings.
Soon after, 670 million XRP tokens were locked into escrow. This step, which typically occurs on the first of each month, is part of Ripple’s ongoing strategy to regulate token supply. Historically, Ripple has released 1 billion XRP monthly. However, in a notable shift back in March, the company began creating new escrows from existing XRP instead of simply releasing fresh tokens. This change marked a subtle yet significant pivot in how Ripple manages circulation.
Ripple then moved another 130 million XRP to unknown wallets through three separate transactions. While the purpose remains unclear, such movements are often associated with liquidity provisioning, partnerships, or internal restructuring.
XRP Marks 13 Years Since Its Inception
The flurry of activity comes at a symbolic moment for Ripple. XRP just celebrated its 13th birthday. The token’s origin dates back to June 2, 2012, when Arthur Britto, one of Ripple’s co-founders, submitted the code that created 100 billion XRP.
Britto had started collaborating with David Schwartz and Jed McCaleb in 2011, laying the groundwork for what would become one of the most enduring projects in the crypto ecosystem. Notably, XRP remains one of the few altcoins from the early days that has consistently held a place among the top cryptocurrencies.
XRP’s Market Position and Outlook
Today, XRP is the fourth-largest cryptocurrency by market capitalization, standing at $127 billion. It continues to be a core asset in many portfolios, despite ongoing debates around regulation and utility.
Ripple’s legal win against the SEC last year played a pivotal role in revitalizing market confidence. Following the victory, XRP surged in value during the fourth quarter, reinforcing its position in the top 10 crypto assets.
Meanwhile, Ripple retains control over a considerable XRP reserve. This could be strategically deployed for future acquisitions or ecosystem expansion. While the precise impact of these recent transfers is yet to be seen, their timing and scale suggest that Ripple is positioning itself for continued relevance in an evolving market.
