Data: Ripple hosting agency releases 500 million XRP

On February 1, XRP blockchain data noticed by Whale Alert, a monitoring resource, confirmed that 500,000,000 token transactions (valued at $ 119.5 million) had left Ripple's escrow agency on the same day. The move is the latest in a series of planned releases, and Ripple plans to release tokens on the first day of each month for 55 months. Its purpose is to provide market makers with incentives, although Ripple still controls newly issued tokens.