Ripple company, XRP announced that it has released another 1 billion tokens from the escrow system associated with This means that another 1 billion tokens will be released from the escrow system in a planned manner.
As Koinfinans.com reported, this Ripple-owned system was developed in December 2017 to stabilize the XRP market. The company had locked 55 billion XRP into a series of escrows, each holding 1 billion tokens, to be released monthly for 55 months.
Whether or not the tokens launched each month affect the price of XRP remains a controversial issue, while many argue that the predictable nature of the release minimizes the impact on the market.
In parallel with this version, Ripple The token, which is an integral part of the blockchain ecosystem, continues to attract attention. According to a report by Santiment, it remains one of the most trending assets in the cryptocurrency world right now.
Cryptocurrency Although it is difficult to provide clear predictions about the market, it is quite possible that such moves will create a movement in the price.
However, this generally positive news will be a significant plus on the way to the $1 price prediction shared by DonAlt. The last time the price reached these levels was in November 2021.
Despite ongoing concerns over Ripple’s high-profile litigation with the SEC over the classification of XRP as a security, the unprecedented rise in address activity over the past few days has raised optimism about XRP’s potential to outpace the broader crypto market.
You can follow the current price action here.