Ripple to Unlock Up to 1 Billion XRP From Escrow on Oct. 1
Uk Jin
Summary
- Ripple said it plans to unlock up to 1 billion XRP held in escrow accounts on Oct. 1.
- The tokens set for release are worth about $1.54 billion at current prices, and a total of 31.98 billion XRP remains in escrow.
- Despite the pending unlock, whale investors bought more than 470 million XRP over the past five days, worth about $724 million at current prices.
Forecast Trend Report by Period
Ripple is scheduled to unlock up to 1 billion XRP from escrow on Oct. 1, a release worth about $1.54 billion at current prices.
Finbold reported on Sept. 26 that Ripple plans to release as many as 1 billion XRP held in escrow accounts on Oct. 1.
A total of 31.98 billion XRP remains in escrow.
Even with the unlock approaching, whale accumulation has increased. Analyst Ali Martinez said whales bought more than 470 million XRP over the past five days, worth about $724 million at current prices.
Uk Jin
wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.