CCT - Crypto Currency Tracker logo CCT - Crypto Currency Tracker logo
Cryptopolitan 2024-07-29 17:38:23

Ripple’s $600M XRP token drop to set the stage for $1.5B August crypto unlocks

Ripple is scheduled to unlock and release 1 billion XRP tokens worth $609M on August 1. Since its 2017 statement, its escrow has unlocked 1 million XRP at the beginning of every month. The 2017 statement explained Ripple’s XRP escrow strategy, where Ripple (24) and Ripple (25) wallets were used to release the unlocked tokens on the first day of every month.

Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.