Ripple just unlocked 500 million XRP

Ripple has just initiated its latest round of token unlocks from escrow, where the company is scheduled to release 1 billion tokens in April. As of April 1, the blockchain firm’s distribution strategy recorded the release of the first 500 million XRP, which has already been executed, according to on-chain data retrieved by Finbold from XRPScan. XRP escrow transactions. Source: XRPScan The month’s first tranche of XRP was moved from an escrow wallet to a Ripple-controlled wallet in a transaction executed at 00:00 UTC source: https://finbold.com/ripple-just-unlocked-500-million-xrp/