Ripple just unlocked 1 billion XRP. On Sept 1, blockchain tracker Whale Alert flagged three separate transactions, 500 million, 400 million, and 100 million XRP from Ripple's escrow system.
The move is part of Ripple's long-established monthly escrow release schedule, but the size and timing, arriving as XRP shows signs of technical strength, makes it worth understanding what it does mean for investors.
At the time of writing, about 31.28 billion XRP remained locked in Ripple's on-chain escrow, roughly 31.3% of the total 100 billion supply, according to XRP insights.
Last week, Australian lawyer and digital ******* ets enthusiast Bill Morgan flagged about this transaction while reviewing a registration statement filed with the U.S. Securities and Exchange Commission (SEC) for the Cryptex Digital Market Cap ETF.
Morgan shared that Ripple has indicated it could release additional XRP from escrow to support on-ledger liquidity for stablecoin and foreign exchange trading pairs if the CLARITY Act is passed.
#million #exchange #release #sept
The move is part of Ripple's long-established monthly escrow release schedule, but the size and timing, arriving as XRP shows signs of technical strength, makes it worth understanding what it does mean for investors.
At the time of writing, about 31.28 billion XRP remained locked in Ripple's on-chain escrow, roughly 31.3% of the total 100 billion supply, according to XRP insights.
Last week, Australian lawyer and digital ******* ets enthusiast Bill Morgan flagged about this transaction while reviewing a registration statement filed with the U.S. Securities and Exchange Commission (SEC) for the Cryptex Digital Market Cap ETF.
Morgan shared that Ripple has indicated it could release additional XRP from escrow to support on-ledger liquidity for stablecoin and foreign exchange trading pairs if the CLARITY Act is passed.
#million #exchange #release #sept
2 months ago
