.Ripple withdraws another billion $XRP from escrow: details. RippleNews XRPnews XRP XRParmy XRPnews 1CrypticPoet WillyWonkaXRP XRP_Productions BankXRP XRPNews_ XRPcryptowolf MackAttackXRP RippleXrpie
These programmed XRP releases have been occurring on a regular basis since 2017 on the first day of a new month.As February begins, Ripple has conducted another withdrawal of one billion XRP from escrow, splitting it in two lumps of 500 million coins each.
A few hours after the release, Ripple usually locks 800-900 million of the unlocked XRP back in escrow, using the remaining 200 million to cover its operational expenses, to send in parts to the companies and banks it has running partnerships with or to send to crypto exchanges—thus, basically adding more XRP to the currently circulating amount of this coin. It has no negative impact on the price, though.
When the tech giant started these programmed XRP releases back in 2017, the plan was to let 55 billion out into circulation, so Ripple is likely to stop unlocking coins at some point this year.
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