In a significant move, Ripple, the blockchain giant, has unleashed 500 million XRP from its escrow. Notably, this development has sparked discussion in the cryptocurrency market, prompting reactions from investors and experts alike. In addition, the XRP price also retreated about 2% following the release.
Now, pro-XRP lawyer Bill Morgan has weighed in on the matter, shedding light on the implications of this release. This has gained notable attention from crypto market enthusiasts.
XRP Lawyer Explains Ripple’s Escrow Strategy
Ripple’s decision to release 500 million XRP from its escrow has sent ripples through the crypto world. Notably, the pro-XRP lawyer Bill Morgan provided insights into this monthly occurrence in a recent post on the X platform.
According to Morgan, this release is part of Ripple’s routine strategy, wherein 1 billion XRP is released from escrow each month. He emphasized that such releases are not novel but rather a regular practice by Ripple.
Besides, he expla
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