Following its monthly tradition, on March 1, blockchain behemoth Ripple has let a staggering billion XRP tokens from escrow, as reported by Whale Alert crypto tracker.
Meanwhile, the XRP token has remained in the range at the $0.43 price line for a week already.
Another billion XRP is out of escrow
Earlier today, Ripple fintech monster has unleashed a billion XRP in two transactions carrying 500 million coins each.
This event happened every first day of a month – Ripple automatically unlocks a $415,018,398 worth of XRP to support market liquidity of the coin by sending it to crypto exchanges and perhaps send some to its regular customers.
XRP trading in the $0.43 range
These regular releases of XRP have proved to have a zero impact on the price of the coin.