Ripple’s XRP token has been trading under uncertain pressure for a long time due to its ongoing lawsuit with SEC. However, it has managed to stay on the tally of the top 10 biggest cryptocurrencies in the market. Meanwhile, Ripple has released another batch of XRP tokens in its programmed schedule release.
XRP total supply stands at 48.34 billion
The blockchain company released 1 billion XRP in two different transactions for its escrow wallet. According to Whale Alert, $423 million worth of tokens has been unlocked from escrow at Ripple Escrow wallet. The XRP token is trading at an average price of $0.417, at the press time. XRP token prices are down by 2% in the last 24 hours.
Ripple has locked 55 billion XRP tokens which makes 55% of its total supply in the series of escrows. This action was taken in order to provide additional predictability to the token supply. The firm mentioned that these escrows are on the ledger itself. The same ledger mechanics are designed to control the re
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