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Cryptocurrency Ecosystem => XRP - Ripple Forum => Other Popular Cryptos / Coins => Ripple News & Updates => Topic started by: RSRS on August 03, 2021, 07:04:21 AM
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Whale Alert has reported that over the past ten hours, Ripple blockchain tech provider withdrawn another billion XRP from its escrow account.
The crypto decacorn has also transferred 182.3 million XRP to the wallet that belongs to its co-founder and former CTO Jed McCaleb.
1 billion XRP on the move from escrow
Ripple continues its regular programmed releases of 1-billion XRP stashes. A massive amount of crypto was unlocked around eight hours ago, according to the recent tweets published by the popular crypto tracker Whale Alert.
The crypto tokens were withdrawn in three portions – 500 million, 400 million and 100 million XRP. The fiat worth of the unlocked crypto totals approximately $760 million at the current price of $0.7337.
The 900 million from the released amount has been put back in escrow and locked. 100 million XRP has been sent to the Ripple wallet for further use.
As a rule, part of the released amount (which does not get locked back) is sent to Ripple customers – financial institutions – and crypto exchange to support the liquidity of XRP.
More Information (https://cryptonews.net/en/news/market/1263121/)