Ripple Escrow Release: 1 Billion XRP Unlocked

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Ripple Escrow Release: 1 Billion XRP Unlocked
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The monthly unlock is unlikely to have any impact on the $XRP price

1 billion XRP from escrow on May 1. The release, which is equivalent to $469.6 million, is part of Ripple's monthly XRP distribution strategy that began in December 2017.

The company has been releasing XRP from escrow in a controlled manner to provide supply predictability and to ensure the stability of the XRP token. The recent unlock is the latest in a series of monthly releases designed to support the growing ecosystem and meet the increasing demand for the cryptocurrency.Critics argue that Ripple's control over the majority of XRP tokens held in escrow raises concerns about centralization. They believe that this level of control by a single entity goes against the decentralized principles that many cryptocurrencies, including Bitcoin, were built upon.

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