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Crypto & Bitcoin

Ripple may access 2 billion XRP as November escrow unlock nears

Reported by Onur Atam, CoinTurk News

Image: CoinTurk News

Ripple could soon gain access to up to 2 billion XRP, with escrow releases set to unlock significant holdings. Two Ripple-controlled wallets, currently holding 500 million XRP each, have attracted close industry attention as the company’s latest scheduled escrow event approaches. XRP Ledger data reviewed by TokenPost indicates that, as of October 29, two wallets attributed to Ripple each maintained a 500 million XRP balance. These wallets, identified by XRPScan as Ripple 10 and Ripple 11, received the tokens through four separate completed escrow transactions on October 1. During this period, neither account recorded any outgoing XRP transactions.

This is an excerpt. The reporting belongs to CoinTurk News.

Read the full report on en.coin-turk.com
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