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Ripple Unlocks 1 Billion XRP Worth Over $230 Million From Escrow


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Data from the XRP blockchain noted by monitoring resource Whale Alert on March . 1 confirmed two transactions of 1.000,000,000 tokens worth over $230 million left Ripple’s escrow the same day.

The move is the latest in a series of planned releases, which Ripple has scheduled to occur on the first of each month for 55 months.

Its aim is to provide incentives for market makers, with Ripple nonetheless remaining in control of the newly-released tokens.

Link: https://azcoinnews.com/ripple-unlocks-500-million-xrp-worth-115-933-million-from-escrow.html

Edited by bitcoinisking
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