1 Billion XRP: Ripple Dips Into Escrow Wallet to Move $300 Million in Crypto

By CCN.com: Ripple Labs moved 1 billion XRP out of escrow yesterday, currently valued at around $300 million. Part of a monthly transfer, Ripple reportedly moves any excess funds back into escrow at a later time, or in the case of last month’s escrow, waits until next time to use any. The 55 billion XRP escrow account was created about two years ago to ensure liquidity and supply. Business as usual XRP’s reported 24-hour volume was over $850 million by press time, meaning that if the entire amount had been liquidated, it would likely have had a ripple effect at

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from Altcoin News – CCN http://bit.ly/2JaA5E3