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XRP News: Ripple Moves $1.1 Billion XRP, What Is Going On?

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Summary
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66% Informative

Ripple moved 500 million XRP coins in two separate transactions on May 1 .

These coins formed part of the May escrow unlock of the firm's XRP holdings.

The company relocked 700 million coins out of the 1 billion XRP which were unlocked.

This development comes following reports that Brad Garlinghouse’s firm offered to purchase USDC stablecoin issuer Circle for $4 to $5 billion .

Analyst CasiTrades noted that May has begun with a critical back-test for the XRP price.

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