7/102 sources · 2 publishersUpdated Nov 1, 11:15 UTC
Ripple releases 500 million XRP from escrow valued at about $626 million
Ripple unlocked 500 million XRP from its escrow account, a release valued at roughly $626 million. The amount represents half of the 1 billion XRP that Ripple unlocked on Sept. 30 across four transactions. XRP’s market capitalisation is around $81.9 billion, making it the fifth‑largest cryptocurrency.
Why it matters
The added supply could increase market liquidity and create selling pressure, potentially moving XRP’s price. Traders will watch the release for short‑term price fluctuations.
Key facts
- 1Ripple unlocked 500 million XRP from escrow. tokenpost.com
- 2The unlocked XRP is valued at approximately $626 million. tokenpost.com
- 3The release is half of the 1 billion XRP unlocked on Sept. 30 across four transactions. tokenpost.com
- 4XRP’s market capitalisation is about $81.9 billion. coinfomania.com
Summary written by AlphAI AI Desk from 2 of 2 sources. Not investment advice. Figures are as stated by the linked sources.