RATE Group | Ripple releases a billion XRP tokens from their escrow, price reaction is indifferent
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Ripple releases a billion XRP tokens from their escrow, price reaction is indifferent

03 Aug Ripple releases a billion XRP tokens from their escrow, price reaction is indifferent

Posted at 08:17h in Cryptocurrency News by

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  • Every month Ripple releases a billion XRP tokens into the ecosystem.
  • XRP/USD is currently priced at $0.312.

Ripple announced that they have unlocked a billion XRP tokens from their escrow worth ~$314 million. Every month Ripple releases a billion XRP tokens into the ecosystem, from which the company sells a portion to crypto exchanges and institutions. Whale Alert tweeted:

”  1,000,000,000 #XRP (320,072,524 USD) unlocked from escrow at Ripple Escrow wallet.”

As per the XRP Markets Report that Ripple released last week, the company sold $251.51 million worth of XRP in the second quarter of this year. While Ripple owns more than half of the total supply of XRP, the majority of it remains in escrow. Since 2016, Ripple has sold XRP worth $1.14 billion, of which 64% were sold to institutions and 36% to crypto exchanges.

XRP/USD daily chart

fxsoriginal

XRP/USD has had to bearish days in a row as the price fell to $0.311 and is currently priced at $0.312. The…

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