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Ripple has locked another 400 million XRP, bringing back 800 million dollars.
[Coin World] Ripple has taken new action. Just locked 400 million XRP back into the hosted wallet, which is approximately $811 million at the current price.
This is actually their routine operation every month – first releasing a batch of XRP, and then locking back any unused portion. Simply put, it’s about controlling the circulating supply of XRP in the market, not releasing too much at once to crash the price.
Ripple has been using this hosted release mechanism.