Ripple Unlocks 500 Million $XRP Worth Over $1 Billion
Ripple has unlocked 500 million XRP from its escrow account, valued at around $1.02 billion, as reported by PANews. The transaction was detected by Whale Alert at 15:04 UTC+8. Ripple periodically releases XRP from escrow to manage its supply, which can have significant implications for the broader cryptocurrency market. This move supports Rippleโs ongoing operations and market strategies, as it continues to manage its circulating supply to prevent sudden price fluctuations.
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