California FINTECH-startup Ripple unlock with escrow accounts for another one billion XRP tokens in the amount of $225 million.
🔓 🔓 🔓 🔓 🔓 🔓 🔓 🔓 🔓 🔓 1,000,000,000 #XRP (225,092,032 USD) unlocked from escrow at Escrow Ripple wallet
— Whale Alert (@whale_alert) December 1, 2019
According to the management of the company, this time the tokens will get on the exchange immediately, but will be sold «more relaxed». So, after the first transaction has multiple tranches totaling 40 million XRP went to unknown addresses.
In recent days the price of the token is decreased by 0.79% and is now at $0,21.
Ripple previously entered into an agreement with the former technical Director jed Machalaba on limiting the sale of token XRP with his hand, to avoid reducing the price of the asset.
Recall that in 2017, the Ripple blocked in their escrow accounts 55 billion XRP to ensure a steady supply of tokens. For 4.5 years, the company promised monthly release of 1 billion tokens.