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Ripple Criticized for Unlocking XRP Worth $230 Million from Escrow | coin❖trellis

Ripple Criticized for Unlocking XRP Worth $230 Million from Escrow

There is a possibility of traders experiencing a sell-off in XRP after Ripple unlocked another 1 billion XRP, worth around $230 million from its escrow wallet.

Ripple Draws Criticism for Unlocking of 1 Billion XRP

Ripple’s move has become a common trend that occurs at the beginning of each month, and it has drawn growing criticism every time it happens. There have been questions regarding the amount of XRP the startup has been selling and why is it needing over $200 million each month.

Ripple owns over 50% of the total XRP supply, and …

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