A prominent block chain valve that regularly monitors stunning cryptocurrency transfers and then reveals its X -account details today have noticed three mammoth cryptocurrencies, carrying 1 billion XRP cumulatively.
One of them was definitely carried out by Crypto Juggergernaut Ripple, located in San Francisco. Contrary to the previous way to release 1 billion XRP every month, Ripple does it brand new.
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1 billion XRP opened Ripple
The three transactions identified by the aforementioned data source moved from the instrument to unknown wallets of 200,000,000 xRP, 300,000,000 xRP and 500,000,000 xRP. The largest, which wore half a billion XRP, was celebrated by Ripple. However, the data shared by XRPSCAN shows that the other two XRP pieces were released from the same being from Tingesse.
As usual, the traditional monthly release of one billion-XRP was divided into several transfers. The new thing is that Ripple triggers this amazing number of XRPs not on the first day, but on the third day of the new month. Another new thing is that Ripple now locks 700,000,000 in the XRP before the release of the XRP, not after it was before.
As always, 700 million XRPs are locked on the first day of every new month, but now this money does not come from one billion-xrp freshly unlocked.
Releasing the giant amount of the XRP each month, Ripple XRP supports the liquidity in the market by selling some of it on stock exchanges to use revenues to cover regular operating costs. In addition, the company XRP injects its Ripple Payments network and gives its institutional partners an additional XRP.
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Allegedly, Ripple Circle raises the acquisition offer to 20 billion dollars, the XRP army denies this rumor
Earlier this week, Ripple was reported that Circle offered Circle, the second largest USD-based stablecoin, USDC, at a price of $ 4-5 billion. However, the company rejected this offer, assuming it will reduce the company.
These news announcements were followed by rumors that trying to achieve and acquire a big rival on the Stablecoin market, Ripple increased his generous offer to $ 20 billion, still planning to buy around.
But the XRP army has found that this rumor is wrong and has made fun of the media distributed, including Cointelegraph.
