crypto

Unlocked: $390M Worth Of XRP From Escrow Wallet

Unlocked: $390M Worth Of XRP From Escrow Wallet

Ripple, one of the biggest crypto companies in the world, has unlocked the XRP token worth about $390 million from escrow.


This makes the funds available for the company to sell to cryptocurrency exchanges as well as institutional participants.crypto

Ripple typically sells a relatively small portion of the XRP that’s unlocked and returns the rest back into escrow at the end of the month. According to the firm’s last report,

Ripple sold just under $170 million worth of XRP over the course of the first three months of the year.

However this month could be different. On June 3rd, the firm said that its sales of XRP will be significantly lower in the second quarter of this year in light of a report from Bitwise

The firm didn’t reveal anything in terms of whether the change will continue into the third quarter of the year.

Ripple joins a chorus of industry leaders and innovators who are currently dealing with accusations of false volumes and who are pointing to trust and integrity as important challenges for the cryptocurrency space.

CBNN

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