One billion XRP tokens, valued at $520 million, will be unlocked on June 1st through Ripple's XRP Ledger (XRP), a blockchain developer. The monthly sales that Ripple hosts may have a negative effect on the value of XRP in the weeks to come.



Since 2017, the first day of every month has seen Ripple release 1 billion tokens from escrow accounts. From April of this year until then, the "Ripple (22)" and "Ripple (23)" wallets were utilized for this purpose, according to XRPScan metrics.



But these accounts don't have any active contracts that need releasing anymore, and according to Finbold, the business was using two different addresses in May. At the moment, the Ripple (24) and Ripple (25) wallets are holding the monthly escrow funds until January 2025.

$XRP