Ripple Unlocks One Billion XRP Tokens Amid Market Surge

Ripple releases one billion XRP tokens as price surges 19.75% to $2.68, following a $147.5M transfer to Bithumb.

Fridah Kangai
March 3, 2025
7:36 pm

Fridah Kangai

Fridah Kangai is a dedicated crypto journalist with a sharp eye for market trends, blockchain innovation, and digital asset movements. She specializes in breaking down complex topics into clear, engaging stories for both seasoned investors and curious newcomers. With a passion for decentralization and a pulse on the ever-evolving crypto space, Fridah delivers timely, accurate, and insightful coverage. Her work bridges the gap between technology and everyday understanding in the world of cryptocurrency.

Ripple unlocks one billion XRP tokens amid a price surge, fueling speculation about increased market activity.
XRP jumps 19.75% to $2.68 following a $147.5 million transfer to Bithumb, sparking interest among crypto traders.
Market analysts closely watch XRP’s trading patterns after a massive token release and its inclusion in a U.S. crypto reserve.

Ripple has unlocked one billion XRP tokens from escrow, as confirmed by data from Whale Alert. The transaction took place on Monday, following Ripple’s standard monthly schedule.

According to Whale Alert, Ripple transferred 500 million XRP from an unknown wallet, with another 500 million moving into escrow. The San Francisco-based blockchain company has consistently followed this release schedule since 2017.

XRP Surges Following Massive Transfer to Bithumb

Despite the scheduled unlock, XRP’s price has experienced a significant increase. The cryptocurrency trades at $2.68, marking a 19.75% rise within 24 hours as per CoinMarketCap Data.

The price surge follows a major transaction involving $147.5 million worth of XRP. The funds were moved to Bithumb, South Korea’s leading cryptocurrency exchange, fueling speculation about heightened market activity.

South Korea’s crypto traders have historically influenced XRP’s price action. Analyzing the market, experts found that massive volumes of XRP entered the exchanges, leading to the corresponding changes in the price.

Ripple’s latest escrow release coincides with XRP’s inclusion in a multi-token cryptocurrency reserve in the United States. This development adds to the ongoing discussions surrounding Ripple’s stance against a Bitcoin reserve.

The impact of the latest transactions and broader market trends will be crucial in determining XRP’s next move.

Conclusion

Ripple’s routine escrow release and large XRP transactions have once again triggered market reactions. With XRP experiencing a price surge, investors are closely watching trading patterns to anticipate the next shift in momentum.

Also Read: Peter Schiff Questions XRP’s Inclusion in Multi-Token Reserve as Crypto Prices Surge