@DroomieChikito. The original source are the public records from the block explorers checking Ripple transactions. Whale alert is also the first source to report this on Twitter.
Source https://whale-alert.io/transaction/ripple/75091752CDCBD3E830F4CA2A607E5908A36AA3E13FEE3F227DE9AFEF2A5EEA8A
Topic: [news] Ripple Taps Into Escrow Wallet to Release New Batch of Crypto (Read 78 times)
October 04, 2019, 10:29:12 PM
October 03, 2019, 11:12:18 PM
Quote
Ripple just unlocked $1 billion XRP worth $256 million from escrow.
The movement makes the funds available for the company to sell to crypto exchanges, institutions and other third parties.
Ripple owns more than half of all XRP in existence and created the escrow account in May of 2017 to help manage its holdings.
The company placed $55 billion in escrow. It releases a portion each month in order to sell some of its holdings over-the-counter (OTC).
At the end of the month, Ripple will move whatever portion it does not sell back into escrow.
Read in full https://dailyhodl.com/2019/10/01/1000000000-xrp-ripple-taps-into-escrow-wallet-to-release-new-batch-of-crypto/
Seems original source by https://www.youtube.com/watch?v=jwqLRaBoN4QThe movement makes the funds available for the company to sell to crypto exchanges, institutions and other third parties.
Ripple owns more than half of all XRP in existence and created the escrow account in May of 2017 to help manage its holdings.
The company placed $55 billion in escrow. It releases a portion each month in order to sell some of its holdings over-the-counter (OTC).
At the end of the month, Ripple will move whatever portion it does not sell back into escrow.
Read in full https://dailyhodl.com/2019/10/01/1000000000-xrp-ripple-taps-into-escrow-wallet-to-release-new-batch-of-crypto/
not by: https://dailyhodl.com/2019/10/01/1000000000-xrp-ripple-taps-into-escrow-wallet-to-release-new-batch-of-crypto/
Let's me know what I wrong here,
Archived
October 03, 2019, 10:53:04 PM
Is what Ripple doing something similar to an ICO? It appears it is, I reckon hehehe. It might also become the longest running ICO in the cryptospace's history hehehe.
I predict another settlement with the SEC to continue operations hehe.
Ripple just unlocked $1 billion XRP worth $256 million from escrow.
The movement makes the funds available for the company to sell to crypto exchanges, institutions and other third parties.
Ripple owns more than half of all XRP in existence and created the escrow account in May of 2017 to help manage its holdings.
The company placed $55 billion in escrow. It releases a portion each month in order to sell some of its holdings over-the-counter (OTC).
At the end of the month, Ripple will move whatever portion it does not sell back into escrow.
Read in full https://dailyhodl.com/2019/10/01/1000000000-xrp-ripple-taps-into-escrow-wallet-to-release-new-batch-of-crypto/
I predict another settlement with the SEC to continue operations hehe.
Ripple just unlocked $1 billion XRP worth $256 million from escrow.
The movement makes the funds available for the company to sell to crypto exchanges, institutions and other third parties.
Ripple owns more than half of all XRP in existence and created the escrow account in May of 2017 to help manage its holdings.
The company placed $55 billion in escrow. It releases a portion each month in order to sell some of its holdings over-the-counter (OTC).
At the end of the month, Ripple will move whatever portion it does not sell back into escrow.
Read in full https://dailyhodl.com/2019/10/01/1000000000-xrp-ripple-taps-into-escrow-wallet-to-release-new-batch-of-crypto/
Jump to: