Ripple giant to kick out yet another billion XRP, while coin trades above $1

The Whale Alert service that tracks large crypto transactions, including those with Ripple-affiliated XRP, has tweeted that around six hours ago, the Ripple DLT tech provider unlocked a jaw-dropping billion XRP from escrow.

Meanwhile, the sixth-ranked XRP coin has managed to remain above the crucial $1 level after falling from $1.05 earlier today.

Fintech provider Ripple has released another billion XRP tokens as the first day of a new month arrived.

This is the equivalent of $1.05 billion in fiat. This massive amount of crypto was released in two transactions.

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