XRP Supply in Focus as Ripple Unlocks $1.25 Billion in Tokens
Photo: Bitcoinist
TLDR; Ripple’s xrp supply is in focus as it has released 1 billion XRP from escrow in its first scheduled unlock of November, worth approximately $1.25 billion. The actual impact on circulating supply will depend on how many tokens the company returns to escrow. Ripple carried out its latest monthly XRP release on November 1, splitting the unlock into two transactions of 500 million tokens each, according to blockchain tracking service Whale Alert. Each transaction was valued at approximately $626.4 million, bringing the total value of the release to around $1.25 billion.
Also reported by Coinotag.
Source: Bitcoinist
