Token

Cryptocurrency

Billion

<ul class="news-points"> 
 <li>XRP’s price sees significant increases following Ripple Labs’ monthly release of 1 billion tokens.</li> 
 <li>The token release by Ripple is part of a strategy to stabilize XRP’s price and availability.</li> 
 <li>XRP has added a 5.34% gain in the past week, according to data from CoinMarketCap.</li> 
</ul> 
Cryptocurrency token XRP has recorded an increase in its value following <a href="https://coinedition.com/ripple-ceo-acknowledges-xrp-lawyer-hails-a-ray-of-sunshine/">Ripple Labs’ </a>release of 1 billion tokens into circulation. The recent XRP release forms part of the company’s strategy to control the token’s price. 
Data from CoinMarketCap shows that XRP has stayed mainly in the green zone since the start of the month. The token is currently changing hands at $0.5216 apiece. The current price is a 0.22% gain in the past 24 hours and a 5.27% increase on the weekly price chart. 
<a></a>According to data from Whale Alerts, the unlocked tokens were released from three different transactions. Specifically, over 400 million XRP tokens valued at $205.9 million were <a href="https://coinedition.com/400-million-unlock-could-see-xrps-price-targeting-0-4120-next/">unlocked in the first transaction</a>. 
An additional 100 million XRP tokens worth $51.4 million were released in the second transaction. The final transaction unlocked 500 million XRP tokens worth $257.3 million. Together, …
The post <a rel="nofollow" href="https://coinedition.com/xrp-trends-in-green-zone-following-1-billion-xrp-token-unlock/">XRP Trends in Green Zone Following 1 Billion XRP Token Unlock</a> appeared first on <a rel="nofollow" href="https://coinedition.com">Coin Edition</a>.

XRP Trends in Green Zone Following 1 Billion XRP Token Unlock

Coin Edition

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