Attention: Significant Development Alert Regarding XRP!
Today marks the unlocking of 1 billion XRP tokens, valued at a staggering $520 million. Ripple, the issuer of XRP, adheres to a standard practice of monthly token releases, which has the potential to exert downward pressure on XRP's price.
In May, Ripple transitioned to utilizing new addresses, 'Ripple (24)' and 'Ripple (25)', for its token releases. These addresses will continue to unlock 1 billion XRP monthly until January 2025. Last month, Ripple unlocked tokens from these new addresses, with 200 million XRP sold to cover expenses and the remainder re-locked until September 2027.
Ripple's strategic token sales included 150 million XRP on May 13 and the remaining 50 million XRP on May 24, completing the monthly distribution process. This development underscores the importance of monitoring XRP's price movements closely in light of these regular token releases.
