u.today
Data revealed by XRPscan shows that Ripple might be releasing a regular 1,000,000 $XRP later this month, since on Aug. 1-2, no habitual unlocks took place.
Currently, there are more than 36 billion $XRP tokens locked in Ripple’s escrow.
Ripple could be preparing to unlock one billion $XRP
XRPscan revealed that Ripple blockchain behemoth currently holds 36.6 billion in escrow, while before Aug. 1, there were 35 billion.
As reported by U.Today, 700,000,000 $XRP were locked at the start of the month, over the weekend, with no $XRP released yet. Three chunks of 500,000,000 $XRP and 2x 100,000,000 $XRP were moved to escrow on Friday last week.
This means that the likelihood of Ripple unlocking the traditional billion $XRP this month remains quite high. It may even happen within the next few days.
Otherwise, it would be the first time ever that no $XRP was unlocked from Ripple’s escrows.
$XRP loses 4.5% so far this week
Over the past 24 hours, the third-largest cryptocurrency on the market, $XRP, has experienced a decline of more than 4%, falling from $3.08 to the $3.94 level. The decline came after the Ripple-affiliated coin soared by more than 11% since Sunday, mirroring Bitcoin's price trajectory.
Today, $XRP first staged a 1.5% rise, which turned into a pullback. At press time, $XRP is changing hands at $2.94 per coin.