Ripple released 1 billion $XRP , but immediately locked 70% back up!
On November 1, Ripple unlocked 1 billion tokens (~$1.25 billion) as scheduled. But the market barely felt any pressure: the company immediately locked 700 million XRP back into escrow until 2029.
Ripple has only 300 million tokens left to meet its current needs.
What do you think of this monthly setup—does it help protect the market from a dump, or does it still put pressure on the price of $XRP ?
#xrp #Ripple #BinanceSquare
On November 1, Ripple unlocked 1 billion tokens (~$1.25 billion) as scheduled. But the market barely felt any pressure: the company immediately locked 700 million XRP back into escrow until 2029.
Ripple has only 300 million tokens left to meet its current needs.
What do you think of this monthly setup—does it help protect the market from a dump, or does it still put pressure on the price of $XRP ?
#xrp #Ripple #BinanceSquare
