One billion XRP unlocked by Ripple while instituting fresh regulations
Unleashing the Giant: Ripple's New XRP Release Strategy
- Whale Alert Detects Cryptic XRP Transfers
- Saylor's Choice: An Asset Outshining Bitcoin
- BTCDaily, Ripple, XRP
Recently, blockchain tracker Whale Alert observed three significant XRP transactions with a total of 1 billion XRP. This massive crypto transfer included a half-billion XRP transaction orchestrated by Ripple.
Typically, Ripple unlocks 1 billion XRP each month, yet the timing and approach have been revamped. Instead of unveiling the tokens on the first day of a new month, they are now revealed on the third day. Moreover, Ripple currently locks up 700 million XRP prior to the release of the 1 billion XRP, a departure from the previous practice of locking up the funds after release.
According to enrichment data, Ripple's adjusted approach aims to enhance liquidity management and potentially optimize XRP distribution in the market. As Ripple sells part of the unlocked XRP for operational expenses and injects it into their Ripple Payments network, these changes hint at a strategy to maintain control over XRP's market presence.
XRP Army Brushes Off Circle Acquisition Speculation
Due to rumors of Ripple aggressively attempting to buy stablecoin issuer Circle for a staggering $20 billion, the XRP community has been active in debunking these claims. Social media platforms have been flooded with memes and jokes targeting sources spreading the fanfare, including CoinTelegraph.
#Ripple, #XRPTransfer, #Circle
[1] Whale Alert response to XRP transaction: https://twitter.com/whale_alert/status/1523017796746885121[2] Cointelegraph: Ripple unleashes massive amount of XRP, changes management strategy: https://cointelegraph.com/news/ripple-unleashes-massive-amount-of-xrp-changes-management-strategy[3] U.Today: XRPUSTD_RL-Top-NASDAQ-debunks-rumor-of-XRP-ETF-approval-News: https://u.today/riptide-top-nasdaq-debunks-rumor-of-xrp-etf-approval[4] Business Insider: Ripple reportedly offered to buy Circle for $4 to $5 billion, but the stablecoin giant rejected it, sources say: https://www.businessinsider.com/ripple-offer-to-buy-circle-for-4-to-5-billion-2022-7[5] Coinmarketcap XRP historical price data: https://coinmarketcap.com/currencies/ripple/
- The recent XRP transactions worth a billion XRP, observed by Whale Alert, included a half-billion XRP transfer initiated by Ripple.
- Ripple has revised its XRP release strategy, with the XRP being unveiled on the third day of the month, and 700 million XRP being locked up before the release.
- Ripple's new strategy aims to improve liquidity management and optimize XRP distribution in the market.
- Despite rumors of Ripple acquiring stablecoin issuer Circle for $20 billion, the XRP community has been active in debunking these claims.
- The changes in Ripple's XRP management strategy indicate a strategy to maintain control over XRP's market presence.
- The business of finance and technology continues to evolve as companies like Ripple introduce new strategies to the crypto trading landscape, with Defi and stablecoin playing significant roles in this evolution.
