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Ripple locks another 300 million XRP into an accomplice account, worth over 600 million USD.
[Coin World] Ripple has locked up again! This time, they directly threw 300 million XRP into an accomplice account, which amounts to over 600 million US dollars at the current price. In fact, this is their routine operation, which they do once a month, mainly to control the number of tokens circulating in the market. In simple terms, by locking up a portion, the XRP available in the market won't suddenly surge to impact the price. This kind of play is considered a standard move for large investors in the encryption circle, as having a lot of coins means there's a skill to deciding how to release them.