Coinfomania reports a single 500-million XRP escrow release while U.Today and Bitcoinist describe two 500-million XRP transactions totaling 1 billion XRP on the same day.
Coinfomania reports a single 500-million XRP escrow release while U.Today and Bitcoinist describe two 500-million XRP transactions totaling 1 billion XRP on the same day.
What all sources agree on
- Ripple carried out a scheduled escrow unlock on November 1.
- Blockchain tracker Whale Alert reported the transaction(s).
- A 500,000,000 XRP transaction valued at approximately $626 million was part of the release.
- Ripple has historically returned a large portion of unlocked XRP (around 700 million) back to escrow.
Where the reports disagree
1Total amount of XRP unlocked from escrow on November 1
Ripple has unlocked 500 million XRP, worth approximately $626 million, as reported by the CryptoTwitter commentator @whale_alert.
Ripple's scheduled November escrow unlock has put 1 billion XRP into circulation, with blockchain data tracker Whale Alert reporting two transactions in this regard.
Ripple carried out its latest monthly XRP release on November 1, splitting the unlock into two transactions of 500 million tokens each, according to blockchain tracking service Whale Alert.
What would settle it: The on-chain escrow transaction records for Ripple's address on November 1, viewable via XRP Ledger explorers.
2Total USD value of the November 1 escrow release
Ripple has unlocked 500 million XRP from escrow. This amount is valued at approximately $626 million.
Each transaction was valued at approximately $626.4 million, bringing the total value of the release to around $1.25 billion.
What would settle it: Whale Alert's original transaction data and timestamped USD conversion for each transaction.
What to make of it
Treat the occurrence of a Ripple escrow release on November 1 and the $626 million figure for a single 500-million XRP transaction as established; the disputed question of whether a second, matching transaction brought the total to 1 billion XRP ($1.25 billion) is not settled across these reports.
Treat the occurrence of a Ripple escrow release on November 1 and the $626 million figure for a single 500-million XRP transaction as established; the disputed question of whether a second, matching transaction brought the total to 1 billion XRP ($1.25 billion) is not settled across these reports.
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