Monitor the prominent blockchain whale alert, which regularly monitors the amazing transportation of the cryptocurrency, and then reveals the details at the expense of X, three mammoth encryption transactions today, which carry a billion XRP cumulating.
One of them, according to Whale Alert, was definitely implemented by Ripple Crypto MAUGGARNAUT, based in San Francisco. Unlike its previous way of release a billion XRP every month, Ripple is now doing it in a new way.
1 billion XRP closed by Ripple
The three transactions that were discovered by the above -mentioned data source were transmitted 200,000,000 XRP, 300,000,000 XRP, and 500,000,000 XRP from warranty to unknown portfolios. The largest, which carries half a billion XRP, has been marked, as started by Ripple. However, the data shared by XRPScan appears that other XRP pieces were issued from the guarantee by the entity itself.
As usual, the traditional monthly release of one billion-XRP has been divided into several transfers. The new thing here is that Ripple launches this amazing amount of XRP not in the first but on the third day of the new month. Another new thing here is that Ripple is now closing 700,000,000 XRP at the guarantee before the launch of 1 billion XRP, not after that, as before.
As is always the case, 700 million XRP is imprisoned on the first day of every new month, but now this money does not come from a million-XRP hood.
By launching a giant amount of XRP every month, Ripple supports XRP liquidity in the market by selling part of it on stock exchanges to use returns to cover its regular operational expenses. Moreover, the company injects XRP into a Ripple payment network and provides additional XRP institutional partners.
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It is claimed that Ripple raises the acquisition of the department to $ 20 billion, the XRP army denies these rumors
Earlier this week, the Ripple offer to purchase Circle, a second largest stablecoin, USDC, was reported from 4 to 5 billion dollars. However, the company rejected this offer, assuming that it stands less than the company’s values.
These news reports followed rumors that in an attempt to reach its goal and gain a great competitor in the Stablecoin market, Ripple has increased its generous offer to $ 20 billion, and still intends to buy the circle.
However, the XRP army found these rumors wrong and was mocking the media that it publishes, including Cointelegraph.
