🔥 Brothers of $XRP , attention! Big moves are happening!
Ripple recently released 1 billion XRP coins, which together are worth nearly 600 million dollars! 🔥
This is actually something Ripple does every month, which is to release some XRP into the market to keep the supply of XRP stable. However, the amount released this time is quite large, attracting everyone's attention.
Moreover, it's not just Ripple; in August, many large crypto projects are also releasing a significant amount of coins, totaling around 1.5 billion dollars. As a result, the price of XRP has actually increased by 7%, making it the most significant rise since March.
Why is this happening? On one hand, it's due to Ripple's coin release, and on the other hand, people are optimistic that Ripple might win its lawsuit against the SEC in the U.S.
Although some are concerned that releasing so many coins could lower the price, experts say that this actually puts more money into the market, which could lead to further market increases. Ripple has also been looking for ways to make XRP easier and faster to use.
So, it seems that XRP holders and investors might have more hope for the future.
Could this be a new beginning for XRP? Let's wait and see!
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