Did Ripple Sell $0.00 Worth of XRP in November?
Did Ripple Sell $0.00 Worth of XRP in November? Massive Crypto Transfers Trigger Confusion
Crypto traders are wondering if a series of giant crypto transfers from Ripple indicate the company sold zero XRP in the month of November.
One billion of Ripple’s XRP was unlocked on November 1st, making the funds available for the San Francisco startup to sell to institutional players and crypto exchanges.
Typically, at the end of each month, after unlocking and selling XRP, Ripple places any unsold funds back into escrow. This time around, however, the company placed a full one billion XRP right back into escrow.
All three transfers were tracked in real time by Whale Alert on Twitter