Ripple Moves 1 Billion XRP In Latest Monthly Escrow Release

Burning the remaining escrow is an option Ripple has not ruled out, though its own chief architect has questioned whether doing so would actually move the price. David Schwartz pointed to a 2019 decision by the Stellar Development Foundation, which destroyed 55 billion XLM — half of its total supply — without triggering any noticeable price movement. Related Reading: Could XRP Hit $10 This Bull Run? World’s Highest IQ Holder Thinks So A Complicated Question On Burning Schwartz said Ripple could