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XRP sell-off alert: Ripple preps huge February dump
Ripple has around 39.9 billion XRP, currently locked in escrows and not part of the token’s circulating supply. On February 1, Ripple unlocked 1 billion XRP, valued at $500 million, keeping 20% of the total.
Each month, Ripple unlocks another 1 billion tokens. The company often retains only a fraction of it for its treasury, frequently selling the rest on the market. Finbold has tracked these unlocks, identifying patterns that affect the asset’s long-term value.
In February, Ripple held back 200 million XRP, consistent with prior months. This amount is now worth roughly $100 million, with each token priced at $0.50 by press time.
In particular, the company prepared this month’s selling activity by sending the 200 million XRP from ‘Ripple (22)’ to ‘Ripple (1)’. The institution controls both accounts, with the former being the unlocked escrow address and the latter used as its liquid treasury. #Write2Earn #XRPETFApproval
Ripple has around 39.9 billion XRP, currently locked in escrows and not part of the token’s circulating supply. On February 1, Ripple unlocked 1 billion XRP, valued at $500 million, keeping 20% of the total.
Each month, Ripple unlocks another 1 billion tokens. The company often retains only a fraction of it for its treasury, frequently selling the rest on the market. Finbold has tracked these unlocks, identifying patterns that affect the asset’s long-term value.
In February, Ripple held back 200 million XRP, consistent with prior months. This amount is now worth roughly $100 million, with each token priced at $0.50 by press time.
In particular, the company prepared this month’s selling activity by sending the 200 million XRP from ‘Ripple (22)’ to ‘Ripple (1)’. The institution controls both accounts, with the former being the unlocked escrow address and the latter used as its liquid treasury. #Write2Earn #XRPETFApproval
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500% + pump? or Big pump than $JUP?
🟢 BUY OR NOT??
Binance announced to list PYTH/USDT and will be trading live inside 10 min. $PYTH Network BUY/SELL will be live on Binance.
NOTE: DONOT TRADE ON RECENTLY LISTED PROJECT. THEY CAN PUMP HARD AND DUMP HARD TOO!
Don’t cry after loss. Share this to all the newbie traders.
Wait for some days to take better entry.!
#BTC #PYTH #Write2Earn #TrendingTopic