Ripple Labs Inc., a blockchain payment and significant XRP distributor based in San Francisco, recently published a full Q2 performance report, revealing the total amount of XRP tokens in its escrow. At the close of the second quarter period, Ripple had 41.9 billion locked up in escrow and 5.55 billion XRP tokens in its possession. Compared to the 42.8 billion in escrow by the end of the initial quarter, this discerns a minor decrease of about one billion. The total amount of XRP owned by Ripple underwent a slight climb up to 5.55 billion released in Q1. To aiding operations in XRP Ledger (XRPL) and other essential areas, Ripple has assigned that XRP tokens will be unfrozen over the next 3.5 years of 42 months.
Additionally, the outcome of the court case against the United States Securities and Exchange Commission implies a standout for the whole crypto industry. No matter how the judgment continues to fill, the US-based firm reassuring their longstanding terms also covers investment classes pertaining to Ripple Labs, that involve both retail and institutional investors.
