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Showing posts with the label 1 billion

Ripple unlocks $1 billion XRP worth $2.5 billion; What next?

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Blockchain firm Ripple has unlocked its scheduled XRP from escrow, a move likely to impact the token’s price. According to data from on-chain tracking platform Whale Alert , the company unlocked 1 billion XRP, valued at approximately $2.5 billion, as part of its long-standing monthly escrow routine on November 1. Shortly after the unlock, Ripple relocked 700 million XRP, worth about $1.75 billion, back into escrow through two separate transactions, one of 500 million XRP and another of 200 million XRP. XRP unlocks by Ripple. Source: Whale Alert Additionally, 500 million XRP was moved to unknown wallets, a step that typically precedes market-related operations such as institutional transfers or liquidity management. Notably, the XRP escrow system ensures transparency and predictability in supply, with Ripple releasing about 1 billion XRP each month for operations, partnerships, or liquidity purposes. Attention now shifts to whether XRP’s price will react to ...

TRON Trading Volume Tops $1B: Could $1 Be the Next Milestone?

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XRP rival soars 14% in a day, adding $1 billion

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Stellar (XLM) is witnessing a strong price rally, having gained 14% in the past 24 hours and rising 25% over the past week.  The surge has also seen around $1.2 billion added to XLM’s market cap in just one day, driven by a number of developments within the ecosystem. Most notably, the launch of the Protocol 23 upgrade introduces Soroban’s unified events to streamline smart contract interactions and power more scalable decentralized applications (dApps) on the network. Stellar 24-hour price. Source: CoinMarketCap XLM updates Another major boost to the network comes in the form of PYUSD, PayPal’s stablecoin which has been successfully integrated within Stellar.  The integration is expected to enhance cross-border payment capabilities and expand XLM’s global reach in digital payments. Additionally, the network has rolled out new Features , including state archival and multiplexed accounts, improving both data management and account functionality ...