500 Million XRP has reportedly been unlocked from an unknown address with an additional 500 million speculated to be released. 
XRP price could be in danger as Fox Business Senior Correspondent Charles Gasparino discloses that the Ripple ruling could be overturned. 
The Ripple Labs‘ monthly XRP distribution strategy has been in full effect since December 2017 as the San Francisco-based blockchain company has consistently released a portion of the asset held in escrow into circulation. This strategy originally demanded that 1 billion XRP be released each month for 55 months.
However, the recurrent relock of a significant portion of such amounts back into escrow has forced the company to extend its final escrow deadline to April 2017. As part of this strategy, a staggering 500 million XRP worth $314.87 million has been unlocked today, April 1, 2024, according to Whale Alert’s data. 
Interestingly, today’s release was carried out by an unknown address, unlike the previous ones.

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