One Billion XRP Withdrawn by Ripple as 412 Million XRP Gets Moved by Exchanges

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One Billion XRP Withdrawn by Ripple as 412 Million XRP Gets Moved by Exchanges
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.Ripple has unlocked 1 billion $XRP as nearly 500 million XRP were moved by exchanges and anon wallets. XRPnews XRParmy

from escrow on the first day of a new month in order to add some of it to the circulating supply.

In the meantime, more than 410 million XRP coins have been shoveled by high-end digital exchanges and addresses that Whale Alert marked as"unknown."from escrow since the start of 2017 with the goal of unlocking 55 billion Ripple-affiliated coins. In the past couple of years, the company has been adding 200 million from a released amount to circulation and locking back in escrow 800 million, or sometimes 900 million.

The remaining XRP is sent to numerous Ripple customers—banks, custodial platforms and other financial institutions, as well as to exchanges in order to back the coin's liquidity.

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