Ripple, a California-based Fintech startup, has released 1 billion XRP coins worth $ 308.89 million in escrow accounts.
1,000 ? ? ? ? ? ? ? ?, 000,000,000,000 #XRP (308,891,433 USD) unlocked from escrow in the portfolio Ripple Escrow
– Whale Alert (@whale_alert) May 1, 2019
Defrosting XRPs will likely be used for several changes to the Ripple ecosystem, as well as for direct sales.
Recall that in early April, Ripple published a financial report on Q1 2019 results, which showed that XRP tokens sales increased 31% over the previous quarter – the company sold tokens for $ 169, 42 million.
In addition, the old deposit account in the first quarter left 3 billion XRP, and the new one received 2.3 billion XRP.
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