.Ripple locks big $XRP lump in escrow, extending regular monthly XRP releases
A total of 300 million XRP tokens are likely to be injected onto the crypto market.The fiat equivalent of the billion XRP released by the company on May 1 is $470 million. Ripple has been withdrawing a billion XRP. This has been part of the company's strategy to maintain the stable supply of XRP on the market and spark interest from financial institutions.
Returning 700 million or 800 million XRP to escrow is normal for the blockchain giant, and it also extends the term of the XRP release program. These monthly XRP withdrawals have no impact on the coin's price, although, during the first few years, many in the XRP community were afraid it would and even started a petition to persuade Ripple to stop that practice.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Ripple Escrow Release: 1 Billion XRP UnlockedThe monthly releases of XRP have been an essential part of Ripple's strategy to maintain a predictable supply and encourage the adoption of its digital asset
Read more »
XRP-Friendly Lawyer Says Ripple May Consider New Settlement TermsIn midst of ongoing Ripple-SEC lawsuit, XRP-friendly lawyer has suggested that Ripple may be open to considering new settlement terms depending on court's ruling
Read more »
XRP: Crypto Wallet Provider Ledger Issues Important Alert to XRP HoldersXRP holders alert issued by crypto wallet provider Ledger XRPL XRPHolders XRPArmy XRPCommunity $XRP
Read more »
Ex-Ripple Exec Shares Unbelievable Story About Vitalik Buterin and RippleVitalik Buterin's VitalikButerin surprising connection to Ripple revealed by former executive xrp xrparmy xrpcommunity xrpl xrpledger ripple ethereum eth $eth $xrp
Read more »
'Coronation Chair' ready for King Charles after 700-year historyKing Charles and Queen Camilla will use several thrones for their coronation. One of them is 'incredibly rare,' and freshly prepped for its first use in 70 years.
Read more »
US: JOLTS Job Openings decline to 9.59 million in March vs. 9.77 million expectedUS: JOLTS Job Openings decline to 9.59 million in March vs. 9.77 million expected – by eren_fxstreet Employment EconomicIndicator Macroeconomics UnitedStates
Read more »