Ripple Unlocks 1 Billion XRP From Escrow, May 1st 2020

[bitcoinisking]

It’s that time again! Ripple just unlocked 1 billion XRP tokens from the escrow wallet, valued at $ 211 million. The tokens were transferred in two subsequent transactions of 500 million XRP each, as highlighted by Whale Alert.

https://azcoinnews.com/ripple-unlocks-1-billion-xrp-from-escrow-may-1st-2020.html

[King34Maine]

54 minutes ago, bitcoinisking said:

It’s that time again! Ripple just unlocked 1 billion XRP tokens from the escrow wallet, valued at $ 211 million. The tokens were transferred in two subsequent transactions of 500 million XRP each, as highlighted by Whale Alert.

https://azcoinnews.com/ripple-unlocks-1-billion-xrp-from-escrow-may-1st-2020.html

Okaaaaay, why is this news?!?! They've been doing this since 2018.

[Guest]

26 minutes ago, King34Maine said:

Okaaaaay, why is this news?!?! They've been doing this since 2018.

Posted by BitcoinisKing!! Hmm!! Nothing to see here mods please close this thread.  Thank you.

[BravoTango]

1 hour ago, bitcoinisking said:

It’s that time again! Ripple just unlocked 1 billion XRP tokens from the escrow wallet, valued at $ 211 million. The tokens were transferred in two subsequent transactions of 500 million XRP each, as highlighted by Whale Alert.

https://azcoinnews.com/ripple-unlocks-1-billion-xrp-from-escrow-may-1st-2020.html

 

[LeonidasH]

If you want to learn more about the XRPL escrow function along with details on the history of Ripple's escrows, the current amount of XRP Ripple has in escrow and where this blog post is a good place to start. If you want to see all of Ripple's past and future XRP escrows you can go here. Currently, 49.4 billion XRP are in escrow, with the last one ending in July 2024.