Ripple Unlocks Another 1B XRP, Promises No Dumping
Based on predetermined rules, the Ripple treasury unlocked one billion XRP coins at the beginning of September. This time, the tranche may not hit exchanges, as Ripple promised to keep it easy on liquidations.
After the initial transaction, several tranches of 40 million XRP going to unidentified addresses.
Ripple locked up 55 billion coins in its Treasury, with the right to unlock one billion each month. The XRP markets have shown indications of selling pressures, but Ripple has used some of the coins as direct incentives to partners. XRP is under selling pressure from one of the early co-founder…
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