Ripple Unlock Sends 1 Billion XRP Into Focus
TLDR
- Ripple unlocked 1 billion XRP on September 1 through three escrow transactions of 500 million, 400 million, and 100 million XRP.
- Rippleโs escrow balance fell from about 32.28 billion XRP to 31.28 billion XRP after the scheduled monthly release.
- The unlock does not mean Ripple sold 1 billion XRP, as the company has historically returned unused tokens to escrow.
- XRP traded near $1.39, gaining about 1.7% in 24 hours and 30.8% over the past month.
- More than $2.3 million in XRP positions were liquidated in 24 hours, including about $1.5 million in shorts.
Ripple released 1 billion XRP on September 1 through its regular monthly escrow process, according to Whale Alert. The Ripple unlock involved three transactions of 500 million, 400 million, and 100 million XRP from company-controlled escrow accounts. The release follows Rippleโs long-running schedule that can make up to 1 billion XRP available at the start of each month.
๐ ๐ ๐ ๐ ๐ ๐ ๐ ๐ ๐ ๐ 500,000,000 $XRP (689,590,640 USD) unlocked at #Ripplehttps://t.co/qomFopjjjX
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