XRP has resumed its bullish trend after Ripple locked 900 million tokens in escrow. This new development has triggered a rapid shift in the momentum of the cryptocurrency, which is now one of the best performers in the last week.
Ripple Moves 900 Million Tokens Back To Escrow
On June 1, Ripple carried out one of its scheduled token unlocks of 1 billion XRP tokens. These unlocks are already set ahead of time to ensure that there is a controlled release of supply into the market, allowing investors to anticipate what was coming.
These tokens are brought into supply based on the demand and growth in the market, and sometimes not all of the tokens are utilized, which means the unused coins go back into escrow. This was the case this time around as only 10% of the entire 1 billion unlocked tokens were left in circulation.
On the same day, Ripple proceeded to lock a total of 900 million coins back in escrow…
