Ripple giant put hundreds of millions of XRP back in escrow after recent programmed release of 1 billion coins
, famous for its multiple partnerships with global financial institutions that use XRP-based cross-border payments, unleashed a billion XRP – a regular practice that Ripple has established since 2018 to happen on the first day of every month.
Bitso is a crypto unicorn based in Mexico and the largest crypto exchange by volume in the whole Latin America region. Ripple invested an undisclosed sum in Bitso back in 2019 and, since then, the platform has been its On-Demand Liquidity partner, promoting and spreading this technology around the region.
Data provided by the XRP-focused explorer Bithomp confirms that these wallets belong to anonymous investors, also known in the community as whales. These crypto holders have been actively moving large amounts of XRP recently, redistributing their riches and accumulating more XRP on the dip.
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