Ripple's July XRP Sell-Off Strategy 🚀
Ripple is set to release 300 million XRP tokens worth $145.50 million this July. This is part of their monthly routine to boost XRP’s circulating supply.
On July 1st, Ripple unlocked 1 billion XRP from escrow. This move is consistent with their strategy since 2017, selling part of these tokens to fund operations and projects.
Unusual Transaction Activity 🔍
Ripple typically transfers 200 million XRP monthly, but this time, an extra 100 million XRP was moved, hinting at a larger sale. These transactions can be verified on the XRP Ledger using tools like XRPScan.
Historically, Ripple's sales impact XRP prices, often causing a dip. As XRP trades at $0.484, investors should watch Ripple’s moves closely this month.
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