© Reuters. Ripple Transfers 500 Million XRP From Its Escrow Wallet
Fintech startup Ripple has transferred 500 million XRP tokens from its escrow wallet, according to data from Whale Alert, a live tracker for cryptocurrency transactions, on Sept. 3.
The San Francisco-based firm has moved 500 million of its native XRP tokens (around $130.1 million at press time) from its escrow wallet to Ripple. The latest token transfer is one among many other enormous transactions to and from Ripple, which have generated resentment within the community as some of its members accuse the company of dumping XRP tokens and crashing its price.
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