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Ripple Unlocks 1 Billion XRP from Escrow in October as Token Price Drops by 4.26%
Ripple, the leading payment company based in San Francisco, has unlocked 1 billion XRP from escrow as part of its regular monthly process.
1 Billion XRP Released Through Three Transactions
This morning, 1 billion XRP worth approximately $621.78 million was unlocked in three separate transactions. Data from #WhaleAlert showed that the first release of 500 million XRP (worth around $310.64 million) occurred at 02:53 UTC. Six minutes later, a second release of 400 million XRP (worth around $248.88 million) followed. The final transaction unlocked 100 million XRP (worth approximately $62.24 million) at 03:00 UTC.
800 Million XRP Expected to Be Re-locked in Escrow
Following this routine operation, #Ripple💰 is expected to re-lock 800 million #Xrp🔥🔥 back into escrow, as is typical for the company. Ripple traditionally locks 80% of the unlocked funds, while the remaining 200 million $XRP is available for various business purposes.
In the past, Ripple has similarly unlocked 1 billion XRP, re-locking 80% while the remaining 200 million XRP may have been used for operational development or sales.
Speculation Surrounding SEC Payment
An interesting detail is that these transactions coincide with Ripple's $125 million #Payment the U.S. Securities and Exchange Commission ( #SEC ), following violations of federal securities laws. This has led to speculation that Ripple might use part of the released 200 million XRP to cover this fine.
XRP Price Drops by 4.26% in 24 Hours
Currently, the price of XRP has dropped by 4.26%, trading around $0.6203 in the last 24 hours. Despite this, XRP has shown a 5.26% increase over the past seven days and a 11.09% increase over the last month.
This price drop is likely due to broader market corrections rather than being directly caused by the release of XRP from escrow.
Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“
1 Billion XRP Released Through Three Transactions
This morning, 1 billion XRP worth approximately $621.78 million was unlocked in three separate transactions. Data from #WhaleAlert showed that the first release of 500 million XRP (worth around $310.64 million) occurred at 02:53 UTC. Six minutes later, a second release of 400 million XRP (worth around $248.88 million) followed. The final transaction unlocked 100 million XRP (worth approximately $62.24 million) at 03:00 UTC.
800 Million XRP Expected to Be Re-locked in Escrow
Following this routine operation, #Ripple💰 is expected to re-lock 800 million #Xrp🔥🔥 back into escrow, as is typical for the company. Ripple traditionally locks 80% of the unlocked funds, while the remaining 200 million $XRP is available for various business purposes.
In the past, Ripple has similarly unlocked 1 billion XRP, re-locking 80% while the remaining 200 million XRP may have been used for operational development or sales.
Speculation Surrounding SEC Payment
An interesting detail is that these transactions coincide with Ripple's $125 million #Payment the U.S. Securities and Exchange Commission ( #SEC ), following violations of federal securities laws. This has led to speculation that Ripple might use part of the released 200 million XRP to cover this fine.
XRP Price Drops by 4.26% in 24 Hours
Currently, the price of XRP has dropped by 4.26%, trading around $0.6203 in the last 24 hours. Despite this, XRP has shown a 5.26% increase over the past seven days and a 11.09% increase over the last month.
This price drop is likely due to broader market corrections rather than being directly caused by the release of XRP from escrow.
Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“
IvendPay's NFC Crypto Technology Redefines Digital Payments. 🧾🔶
In a landmark development, ivendPay has ushered in a new era with the introduction of the world's first cryptocurrency payment technology via Near Field Communication (NFC). This revolutionary advancement promises to transform the digital payments landscape, providing users and merchants with unprecedented convenience and security on a global scale.
Features of ivendPay's NFC Crypto Technology:
Seamless Integration:
ivendPay's NFC tech simplifies cryptocurrency transactions, seamlessly integrating with POS terminals, mobile apps, and vending networks, offering the ease of traditional card payments.
Partnership with Binance:
ivendPay's success is highlighted through its collaboration with industry giant Binance, solidifying its position as the global payment gateway for Binance Pay. This partnership reflects the international trust and recognition ivendPay has gained.
Global Expansion:
ivendPay, in 400 active merchants across seven countries, aims to dominate Europe and MENA with its patented payment solution, offering enticing opportunities for investors in cutting-edge financial technologies.
Why Cryptocurrency Payments are the Future:
History and Convenience:
ivendPay's NFC simplifies crypto transactions, rivaling card payments in speed and simplicity, ditching QR codes.
Security:
Cryptocurrency transactions, powered by blockchain, provide heightened security surpassing traditional banking standards, thanks to their decentralized nature.
No Commission:
Cryptocurrency payments save up to 3% in fees compared to traditional systems.
Universality:
Cryptocurrency payments are widespread on all devices, with a million+ merchants and counting.
Independence from Regulators:
Cryptocurrencies offer users full asset control, free from bank or government intervention. 80%+ of users value independence as the key benefit.
Globality:
Cryptocurrencies cross borders freely; 30+ countries embrace them as a global payment method.
#IvendPay #NFC #Payment #MMPRO #IVPAY
In a landmark development, ivendPay has ushered in a new era with the introduction of the world's first cryptocurrency payment technology via Near Field Communication (NFC). This revolutionary advancement promises to transform the digital payments landscape, providing users and merchants with unprecedented convenience and security on a global scale.
Features of ivendPay's NFC Crypto Technology:
Seamless Integration:
ivendPay's NFC tech simplifies cryptocurrency transactions, seamlessly integrating with POS terminals, mobile apps, and vending networks, offering the ease of traditional card payments.
Partnership with Binance:
ivendPay's success is highlighted through its collaboration with industry giant Binance, solidifying its position as the global payment gateway for Binance Pay. This partnership reflects the international trust and recognition ivendPay has gained.
Global Expansion:
ivendPay, in 400 active merchants across seven countries, aims to dominate Europe and MENA with its patented payment solution, offering enticing opportunities for investors in cutting-edge financial technologies.
Why Cryptocurrency Payments are the Future:
History and Convenience:
ivendPay's NFC simplifies crypto transactions, rivaling card payments in speed and simplicity, ditching QR codes.
Security:
Cryptocurrency transactions, powered by blockchain, provide heightened security surpassing traditional banking standards, thanks to their decentralized nature.
No Commission:
Cryptocurrency payments save up to 3% in fees compared to traditional systems.
Universality:
Cryptocurrency payments are widespread on all devices, with a million+ merchants and counting.
Independence from Regulators:
Cryptocurrencies offer users full asset control, free from bank or government intervention. 80%+ of users value independence as the key benefit.
Globality:
Cryptocurrencies cross borders freely; 30+ countries embrace them as a global payment method.
#IvendPay #NFC #Payment #MMPRO #IVPAY
$PUNDIX is showing some notable levels of support and resistance that traders should watch. Currently, the price has been fluctuating between $0.41 and $0.47. Key support levels are near $0.40 to $0.41, while resistance can be seen around $0.47 to $0.5
If the price remains above $0.41, this support could hold, with potential to retest the higher resistance levels near $0.55 or possibly $0.72 in the near future.
#Pundix #Payment $ETH
If the price remains above $0.41, this support could hold, with potential to retest the higher resistance levels near $0.55 or possibly $0.72 in the near future.
#Pundix #Payment $ETH
