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Ripple’s XRP Escrow Explained: Dispelling Myths and Fears
Nov 4, 2024
< 1 min read
by Ikemefula Aruogu
for CoinEdition
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- A crypto lawyer explains the functionality of Ripple’s escrow from the firm’s perspective.
- Ripple’s escrow shows the XRP volume it controls is steadily declining.
- A decreasing Ripple’s XRP holding volume is a confidence booster for the token’s holders.
Crypto lawyer Bill Morgan explained how Ripple’s escrow works. In a post on X, Morgan said Ripple’s escrow shows responsible stewardship of the large but steadily declining volume of XRP it controls.
Morgan noted the SEC’s claim in its lawsuit against Ripple that the escrow was one of several measures Ripple took to improve the price of XRP. Morgan added that many people in the XRP community think it suppresses the price of XRP, which he says is incorrect.
A discussion on Ripple’s escrow holding dynamics prompted Morgan’s response and explanation o…
The post Ripple’s XRP Escrow Explained: Dispelling Myths and Fears appeared first on Coin Edition.
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