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Half a Billion XRP Unexpectedly Leaves Unknown Escrow Accounts

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500 million XRP floods market after sudden unlocking from dormant escrow account

In an unexpected turn of events, half a billion XRP tokens were unlocked from unknown escrow accounts earlier today, according to data from The unlocking occurred in two stages, with 200 million XRP initially released, equivalent to $122.64 million, followed by an additional 300 million XRP, valued at $183.89 million.

It is worth noting that Ripple retains ownership of a substantial amount of XRP, with 39.9 billion tokens remaining in its accounts.Gamza graduated with a degree in finance and credit with a specialization in securities and financial derivatives. He then also completed a master's program in banking and asset management.

He wants to have a hand in covering economic and fintech topics, as well as educate more people about cryptocurrencies and blockchain.

Source: News Formal (newsformal.com)

 

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