Billion

Coin

<ul class="wp-block-list news-points"> 
 <li>Ripple has unlocked 1B XRP tokens from an escrow account worth over $560M. </li> 
 <li>The unlocked tokens currently reside in the Ripple 24 wallet. </li> 
 <li>Despite the unlock, XRP’s price sees a 1.2% gain, trading at $0.567. </li> 
</ul>   
The crypto community has awakened to a significant influx of <a href="https://coinedition.com/xrp-whales-accumulate-50m-tokens-amid-price-dip/">XRP tokens</a> flooding the market, with billions of units released, as highlighted by a recent update from market tracker Whale Alert. The report specifically noted that 1 billion XRP has been unlocked from an escrow account on the XRP Ledger.   
Notably, the unlock occurred through three transactions. The <a href="https://x.com/whale_alert/status/1830074720378650676" target="_blank" rel="nofollow">first</a> released 500 million XRP, valued at over $280 million. This escrow execution took place precisely at 02:46:22 UTC on September 1. Within just two minutes, a second unlock of 200 million XRP, worth approximately $112 million, followed.   
The third transaction released 300 million XRP, valued at over $167 million, bringing the total to 1 billion XRP that entered the market early today.   
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While Whale Alert has designated the sources of these XRP escrow unlocks as “unknown,” blockchain explorers have identified Ripple as the entity behind the 1 billion XRP unlock. Specific…
The post <a href="https://coinedition.com/xrp-price-unfazed-as-1-billion-tokens-hit-the-market-a-bullish-sign/">XRP Price Unfazed as 1 Billion Tokens Hit the Market: A Bullish Sign?</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

XRP Price Unfazed as 1 Billion Tokens Hit the Market: A Bullish Sign?

Coin Edition

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