Ripple Unlocks 1,000,000,000 XRP From Escrow Amid Rumors of Circle Acquisition
By: bitcoin ethereum news|2025/05/03 16:30:01
0
Share
San Francisco-based blockchain infrastructure company Ripple has released its standard allotment of 1 billion XRP from escrow for May 2025. Ripple unlocked all 1 billion XRP from escrow in three separate transactions in the late hours of yesterday. For the first transaction, Ripple unlocked 200 million XRP ($440.52 million) at 22:28 (UTC) to one of its addresses labeled Ripple (26). The company released another 300 million XRP ($660.86 million) from escrow to the same Ripple (26) address a minute later. At 22:31 (UTC), the company unlocked another 500 million XRP worth $1.1 billion to a separate address, tagged Ripple (27). Overall, it released 1 billion XRP ($2.2 billion) from escrow for May 2025, with Ripple (26) receiving 500 million XRP in two tranches and Ripple (27) getting 500 million XRP in one transaction. At the time of publication, each address had a balance of 500 million XRP. Ripple Locks 700M XRP in May 2025 The latest transaction comes exactly 24 hours after Ripple shuffled 1 billion XRP, with 700 million of these tokens sent to escrow. As previously reported, both Ripple (26) and Ripple (27) were involved in the May 1 transaction. Specifically, Ripple (26) moved 500 million XRP to two addresses, Ripple (1) and Ripple (14), with each receiving 300 million XRP and 200 million XRP, respectively. On the other hand, Ripple (27) sent 500 million XRP to three different addresses labeled Ripple (14), Ripple (15), and Ripple (51). While Ripple (14) received 300 million XRP from Ripple (27), Ripple (15) and Ripple (51) collected 30 million XRP and 170 million XRP, respectively. Following the transactions, Ripple (14) locked 500 million XRP in escrow. Ripple (15) and (51) followed suit by locking the 200 million XRP they both received from Ripple (27) in escrow. This brings the total number of XRP locked in escrow this month to 700 million XRP. Previously, Ripple usually released its standard 1 billion XRP from escrow before re-locking 700 million back. However, the company changed this practice in recent months. Now, it first locks the 700 million XRP in escrow before releasing the 1 billion XRP. The 300 million XRP balance is used for different purposes, including providing liquidity on exchanges. Ripple Reportedly Moves to Acquire Circle Meanwhile, the recent development coincides with reports that Ripple is seeking to acquire USDC stablecoin issuer Circle. The reports suggested that Circle rejected Ripple’s initial offer of $5 billion, prompting the blockchain infrastructure company to raise its bid to $20 billion. However, several crypto stakeholders, including Dom Kwok, co-founder of Web3 education startup EasyA, refuted the $20 billion claim, noting that the offer is implausible. In the meantime, Ripple and Circle have not confirmed whether they are negotiating a deal. Nonetheless, the reports align with Ripple’s commitment to prioritize acquisition over IPO. DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses. Source: https://thecryptobasic.com/2025/05/03/ripple-unlocks-1000000000-xrp-from-escrow-amid-rumors-of-circle-acquisition/?utm_source=rss&utm_medium=rss&utm_campaign=ripple-unlocks-1000000000-xrp-from-escrow-amid-rumors-of-circle-acquisition
You may also like
Whales bought 270,000 BTC while ETFs bled $7 billion. One side is wrong
The crypto IPO class of 2025-26 is down as much as 89%. Autopsy of a listing boom
Robinhood Chain Mining Guide: A Comprehensive Tutorial from Cross-Chain to Memecoin
BitGo CEO says single-digit percentages of bitcoin's supply are 'probably right' for large holders amid Strategy's sale
Beyond Private Keys: How to Safeguard the Security Boundaries of Web3 from Wallets, L2 to Supply Chains?
Vanguard Enters the Market, Opening a New Crypto Gateway for 50 Million Traditional Investors
Why the OUSD Alliance of 150 Companies Still Cannot Shake USDT and USDC?
Citigroup Analysis: Is There Still 47% Upside for Nvidia? Can Rubin and CPO Deliver?
WEEX API Fast Connect: Turn Every Sign-In Into a Live Trader in Under 10 Seconds
WEEX API Fast Connect is a one-click OAuth authorization system that lets your users link their WEEX account without ever touching an API key. Frictionless onboarding, faster conversions, higher retention — built for WEEX Broker partners.
Bitcoin's dwindling exchange reserves don't pack the same bullish punch anymore
From Le Mans to the Rollercoaster: Carl Moon Takes On Portimão
Crypto world renowned KOL and racing driver Carl Moon, backed by WEEX, heads to the Ferrari Challenge Portugal round at the Algarve International Circuit, July 16–19, fresh off a podium finish at Le Mans. Here's why this race is one to watch.
Fast execution. Split-second accuracy. Security that never blinks. That's WEEX — and that's exactly how Carl races.
The Downfall of a Public Company: A $1.46 Billion Bet on WLFI, $540 Million Went to the Trump Family
Dragonfly Partner: BTC is Intergenerational Wealth, Optimistic About ETH and SOL
Goldman Sachs Calls to Go Long on Chinese AI: $4 Trillion Market Value Behind, Global Funds Only Allocated 1.2%
The New Landscape of Cryptocurrency in Europe: Why Germany Takes Center Stage?
Robinhood vs xStocks: Stock Tokenization Shouldn't Just Focus on Ticker On-Chain
Nexo launches crypto card in Argentina as Latin America push grows
Bank of America: Nvidia's Forward P/E Falls to 7-Year Low, Market Paying for a Non-Existent Risk
Whales bought 270,000 BTC while ETFs bled $7 billion. One side is wrong
The crypto IPO class of 2025-26 is down as much as 89%. Autopsy of a listing boom
Robinhood Chain Mining Guide: A Comprehensive Tutorial from Cross-Chain to Memecoin
BitGo CEO says single-digit percentages of bitcoin's supply are 'probably right' for large holders amid Strategy's sale
Beyond Private Keys: How to Safeguard the Security Boundaries of Web3 from Wallets, L2 to Supply Chains?
Vanguard Enters the Market, Opening a New Crypto Gateway for 50 Million Traditional Investors
Customer Support:@weikecs
Business Cooperation:@weikecs
Quant Trading & MM:bd@weex.com
VIP Program:support@weex.com

