Ripple has released 300 million XRP from escrow, a tranche valued at approximately $410 million at the time of the unlock. The release is part of Ripple's long-running monthly escrow schedule, under which tokens are periodically freed and any unused portion is re-locked into new escrow contracts.
Historically, these unlocks draw attention because of their scale, but the market impact has often been muted when Ripple re-escrowed the majority of released tokens. Traders will be watching on-chain flows to gauge how much of this tranche moves toward exchanges versus back into escrow.
Original content
🔓 🔓 🔓 🔓 🔓 🔓 🔓 🔓 🔓 🔓 300,000,000 $XRP (410,267,195 USD) unlocked at #Ripple
https://t.co/hRmhFY7sPW
CryptoSlate
Glassnode
Lookonchain
Benjamin Cowen
Crypto News