Ripple Releases 1 Billion XRP Worth $314 Million From Escrow

Ripple just unlocked one billion XRP from escrow, worth just over $314 million.

It’s part of a monthly crypto asset shuffle designed to allow the company to sell a portion of its holdings to crypto exchanges and institutional participants.

Every month, the San Francisco startup allocates a billion XRP and typically sells a relatively small portion before locking the rest back in escrow.

Ripple released its latest XRP Markets Report last week, showing the company sold $251.51 million worth of XRP in the second quarter of this year. The company says it plans to take a “more conservative approach” and reduce that number in the months ahead.

Read More at The Daily Hodl


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