Ripple to Unlock Up to 1 Billion XRP From Escrow on Oct. 1
Bloomingbit Newsroom
Summary
- Ripple plans to unlock up to 1 billion XRP held in escrow accounts on Oct. 1.
- The token unlock is worth about $1.54 billion at current prices.
- Analyst Ali Martinez said whale investors accumulated more than 470 million XRP over the past five days.
Forecast Trend Report by Period
Ripple is set to unlock up to 1 billion XRP worth about $1.54 billion on Oct. 1.
Finbold reported on Sept. 26 that Ripple plans to release up to 1 billion XRP held in escrow accounts on Oct. 1. At current prices, the tokens are worth about $1.54 billion.
A total of 31.98 billion XRP remains in escrow.
Investor accumulation has picked up even as the unlock approaches. Analyst Ali Martinez said whale investors bought more than 470 million XRP over the past five days, worth about $724 million at current prices.
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