As a part of Ripple’s escrow system, one of the well-established projects of the crypto money market, 1 billion XRPs locked up have been unlocked.
By Ripple company escrow locked into system 55 billion XRPof 1 billion part June 1 released as of December 2017‘also Ripple 55 billion XRP within this system implemented by 1 billion each month for 55 months was locked in the escrow system to be released. The company uses this system Bringing stability to the Ripple market applied for.
Although a cut of investors are about to unlock monthly 500 million dollars 1 billion XRP worth sales pressure even though he thinks it will according to common sense of this system, which operates in a systematic and predictable way. There is no negative effect on the price.
On the other hand, in the past two days, two different whales Binance And Bitstamp to the stock markets millions of dollars It is possible to think that it will transfer XRP worth of sales brought the possibility. Sales made by whales for profit are usually short-term for the markets. bearish signal can mean.
According to CoinGecko data, in the last 24 hours 1.4% depreciating XRP, at the time of writing at $0.504 is being traded.