Ripple’s Escrow Unlocks: Could XRP Releases Have Stopped After August?
Main Idea
Ripple did not release any XRP from escrow in August 2023, marking a significant pause in its escrow strategy, which has been crucial for maintaining XRP's value since January 2018.
Key Points
1. Ripple has not released any XRP from escrow in August 2023, with approximately 90 billion XRP released since January 2018.
2. As of now, 36.6 billion XRP remains in Ripple’s escrow, with the last release occurring in July 2023 when 700 million XRP was returned to escrow.
3. The absence of XRP releases in August 2023 is the first time since January 2018, potentially indicating a shift in Ripple’s strategy.
4. XRP in escrow is locked and not available for trading, helping to manage and stabilize the market.
5. The pause in releases raises questions about Ripple’s future strategy, though it remains unclear if this is a permanent change.
Description
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