Ripple Transfers 700 Million XRP Amid Whales Dump
Ripple transferred 700 million XRP tokens into escrow on Feb 2nd, 2025, according to a post made by blockchain transaction tracker Whale Alert on X (formerly Twitter).
Ripple Labs’ transaction occurs during a period of significant price declines in the cryptocurrency market as a whole. The action was likely taken to pause XRP’s bearish condition due to pessimistic market sentiment.
There are advantages to putting XRP in escrow. In a bear market, it seems that the price gains momentum and experiences some respite whenever Ripple Labs locks tokens in escrow. On the other hand, token prices typically decrease when Ripple unlocks them from escrow.
According to market data, XRP whales rapidly sold off more than 130 million tokens.XRP dropped more than 25% reversing some of the gains posted in January. Majors altcoins have dropped 40–50% in the last month, making this one of the steepest declines in recent memory.
The Ripple-based token outperformed the broader cryptocurrency market with an amazing 50% rally during January. However, technical chart patterns still show a potential longer-term breakout above $4.
Investors will watch for any indications of stabilization as XRP moves through this unstable stage.
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