Ripple Unlocks One Billion XRP From Escrow with New Release Strategy
Ripple Labs, Inc. released one billion XRP coins from escrow, shifting its monthly token release pattern. This release occurred on the third day of the month instead of the usual first day, raising questions within the digital asset community.
Details of the Release
- The release included three transactions: 200 million, 300 million, and 500 million XRP.
- The largest transaction of 500 million XRP was initiated by Ripple Labs.
- Changes in the order of locking and unlocking tokens were observed.
The new method may indicate a strategic adjustment in managing circulating supply and market liquidity. Previous releases followed a consistent schedule but now show variability.
Utility and Market Strategy
- Released tokens support exchange liquidity and operational expenses.
- A portion is allocated to Ripple Payments for cross-border transactions.
- No new partnerships or utility rollouts are linked to this month's release.
Additionally, reports surfaced about Ripple raising its acquisition offer for Circle to $20 billion, which was denied by the XRP community. Currently, XRP is trading at $2.20, reflecting a decline of 0.31% in the past 24 hours.