1 Billion XRP Unlocked! How Did the Price React? Is There Any Need to Worry?
A significant unlocking took place in Ripple. At this point, #Ripple , which unlocks 1 billion XRP on the first day of every month, unlocked 1 billion XRP tokens in the escrow system.
On Sunday, September 1, the XRP unlocking was carried out in 3 different transactions and 500 million XRP, 200 million XRP and 300 million XRP entered circulation.
This move, which is a long-term strategy for Ripple to manage its token supply, is being done to increase transparency and predictability in the market.
This unlocking is a routine process that takes place every month to provide additional predictability to the XRP supply and will be carried out regularly every month until February 2027.
Experts stated that with the entry of new XRPs into the market, a significant selling wave could be imminent, potentially leading to a decrease in prices. Due to this significant amount of unlocking and increased market volatility, the XRP price has fallen and is trading at $0.547, down 2.1% in the last 24 hours.
Ripple has set the total supply of #XRP at 100 billion XRP. $20 billion of the total supply of 100 billion XRP has been distributed to Ripple’s developers and core team.
Ripple said that the remaining supply of 80 million XRP will be released to the market gradually. At this point, Ripple states that it uses the escrow account system to provide transparency and certainty to the XRP market. Ripple also locks a large portion of its #XRP assets, ensuring that it cannot flood the market with excess supply and manipulate the price.
However, Ripple also uses the large amount of XRP in escrow accounts to invest in and support projects in the Ripple ecosystem.
Ripple also states that the release of 1 billion #XRP tokens from escrow per month does not mean that all $XRP will enter the market. At this point, Ripple may choose to sell some of it to institutional or retail investors, use some of it for its own purposes, or return some of it to new escrows.
