Ripple news: 1 billion XRP unlocked as price holds near $1.25

Ripple has released 1 billion XRP from escrow on November 1 through two transactions worth roughly $624 million each, drawing attention on social media despite following the company's established monthly schedule. Ripple released 1 billion XRP on November 1 through two scheduled transactions of 500 million XRP each. Blockchain trackers identified both transfers as routine monthly escrow releases, despite social media claims of unusual activity. Ripple re-locked 700 million XRP in October, following its established practice of returning unused tokens to escrow. No November re-lock transactions had been confirmed in the initial reports, leaving the month's net release unsettled.

Source: crypto.news