EddieJayonCrypto
29 Dec 23
Ripple's latest quarterly report detailed the timeline for the release of XRP into the open market, emphasizing transparency and communication as crucial elements of responsible stakeholding. The report divided XRP holdings into spendable balance and escrow wallets, with a large number of tokens ina...
Ripple's latest quarterly report detailed the timeline for the release of XRP into the open market, emphasizing transparency and communication as crucial elements of responsible stakeholding. The report divided XRP holdings into spendable balance and escrow wallets, with a large number of tokens inaccessible to the company. Ripple estimated that the approximately 40 billion escrowed XRP tokens will be released in the next 42 months, suggesting a date in early 2027, but also indicated a tradition of reinstating the majority of the released XRP into the escrow account, potentially extending the timeline. Concerns have been raised about Ripple's delayed pattern in its XRP unlock, with some interpreting it as asking XRP holders to continue funding the company for longer periods.
In its latest quarterly report on XRP holdings, Ripple provided a timeline indicating when it might finalize the public release of XRP into the open market. In the report, Ripple emphasized proactive communication and transparency as essential elements of responsible stakeholding. The report showcased XRP balances and the monthly escrow unlock, shedding light on Ripple's XRP unlocking pattern and the concerns raised within the crypto community.
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