1 billion XRP tokens were moved to the ripple - what really happened?

Recently, the tracking service of the Whale Alert crypto transaction reported a massive transfer of 1 billion XRP tokens to the ripple from an unknown wallet. Four separate transactions were recorded, totaling 430 million, 300 million, 200 million and 70 million XRP each. Of course, this immediately attracted the attention of the crypto community, especially those who were skeptical of XRP's links with Ripple Labs. Some parties highlighted that this could be a further indication of Ripple control against XRP, which had been a hot debate in the crypto world. [Transaction Analysis] Juthica Chou, Head of the OTC option trade in Kraken, responded to this transfer by linking it to the SEC report in 2020 He also added that the number is likely to be higher at this time, saying that "XRP's product suitability is very bad." However, if we look deeper, this transaction is most likely related to the release of the XRP monthly Escrow. In accordance with the schedule that has been set, Ripple routinely releases 1 billion tokens from their Escrow every month. [Speculation and clarification] Although this seems to be in accordance with a long -lasting pattern, there is one detail that makes some users confused. The wallet used in this transaction was labeled as "unknown" by Whale Alert. In fact, Wallet Escrow Ripple should be recognized publicly. This causes some speculation: It could be that Whale Alert failed to identify the wallet correctly. Or maybe ripples use different internal wallets for this process. In addition, in the Q4 market report released by Ripple, it is known that the company still holds around 38 billion XRP in their Escrow, while 4.5 billion other token is available in their wallet. [Market Implications] Ripple CEO, Brad Garlinghouse, recently stated that companies have XRP worth more than $ 100 billion. If this statement is accurate, it means that the ripple valuation is much greater than the $ 11 billion figure previously reported by Reuters last year. This raises the question: How is the impact on the price of XRP? Usually, when there is a large number of token releases, the potential for selling pressure increases. However, if the ripple successfully manages this distribution well, the market can remain stable, or even increase, depending on how the demand for XRP is developing. #xrp #RIPPLE #RIPPLENEWS #XRPHARIIHI #XRPNews