- Over $73 million worth of XRP tokens were purchased in numerous transactions in the previous 24 hours, according to Whale Alert. Over 175 million was obtained from numerous exchanges in three separate deals. Meanwhile, a total of 120 million XRP (about $50.1 million) was transferred from one whale wallet to another.
- In two separate transactions, the blockchain startup issued 1 billion XRP for its escrow wallet. According to Whale Alert, the Ripple Escrow wallet has unlocked $423 million worth of tokens from escrow. At the time of publication, the XRP coin was trading at an average price of $0.417. Prices of XRP tokens.
- The company also stated that their account security model has changed. The quantity of tokens placed into circulation, however, will not be exact. The Ripple, in fact, holds back a significant percentage of the supply. Meanwhile, the XRP cryptocurrency has a total quantity of 48.34 billion units in circulation.
Ripple’s XRP coin has been under pressure for a long time as a result of its ongoing SEC case. It has, nonetheless, managed to remain among the top ten most valuable cryptocurrencies in the market. Meanwhile, Ripple has distributed another batch of XRP coins in accordance with its pre-determined schedule.
The Total Supply Of XRP Is 48.34 Billion Units
In two separate transactions, the blockchain startup issued 1 billion XRP for its escrow wallet. According to Whale Alert, the Ripple Escrow wallet has unlocked $423 million worth of tokens from escrow. At the time of publication, the XRP coin was trading at an average price of $0.417. Prices of XRP tokens
In a series of escrows, Ripple has locked 55 billion XRP coins, or 55 percent of its total supply. This measure was performed in order to increase the token supply’s predictability. These escrows, according to the business, are on the ledger itself. The XRP release is also controlled by the same ledger mechanics.
Escrow is delivering one billion XRP in 55 installments each month. The company also stated that their account security model has changed. The quantity of tokens placed into circulation, however, will not be exact. The Ripple, in fact, holds back a significant percentage of the supply. Meanwhile, the XRP cryptocurrency has a total quantity of 48.34 billion units in circulation.
ALSO READ – Crypto Whales Are Going For Tron (TRX) This Time, Why?
Whales Invest $73 Million In XRP
Over $73 million worth of XRP tokens were purchased in numerous transactions in the previous 24 hours, according to Whale Alert. Over 175 million was obtained from numerous exchanges in three separate deals. Meanwhile, a total of 120 million XRP (about $50.1 million) was transferred from one whale wallet to another.
The growth of the XRP coin has been questioned due to continuous delays in its SEC case. In the last 30 days, the price of the token has decreased by more than 32%. Cardano (ADA) recently surpassed XRP to become the sixth largest cryptocurrency.
Source: https://www.thecoinrepublic.com/2022/06/02/even-as-1-billion-tokens-ripple-xrp-has-remained-steady-heres-why-you-shouldnt-use-escrow/