Investors Anxious: Billion XRP Move Comes From Ripple!

Investors Anxious: Billion XRP Move Comes From Ripple!

By radiationkayser | radiationgeyser | 1 Jun 2020 - The first day of another month has come and Ripple has done what many inside and outside the XRP community have been criticizing: it has unlocked one billion XRPs!

Ripple unlocked 1 billion XRPs!
Whale Alert's Twitter account stated that Ripple has unlocked another billion XRPs in its safety wallet. The San-Francisco-based Blockchain startup has been regularly launching one billion XRPs every month for several years. Since the beginning of this year, this transaction has been split into two consecutive processes, each containing 500 million XRP. In a series of tweets in late 2019, Ripple CEO Brad Garlinghouse denied claims that Ripple was manipulating the XRP price with periodic sales.

Brad Garlinghouse stated that with monthly sales of XRP, the company invested or donated to charities in XRP, thereby aiming to increase the liquidity of crypto money. In addition, ninety percent of one billion XRPs released each month, as a rule, return to the same day in safety. Nevertheless, when the comments under the Whale Alert posts are analyzed, it is seen that the investors who mostly bombarded Ripple and XRP are anxious with the expectation of a new sales wave.

What is the latest situation in the price of Ripple (XRP)?
The third largest cryptocurrency, Ripple, is trading at $ 0.20, with minor increases during writing. The strong altcoin currently has a market value of $ 9 billion. Ripple manages a last 24-hour transaction volume of $ 1.7 billion at the time of writing.

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