【XRP Price Breaks Historical Record, Ripple Will Release 1 Billion Tokens】
Ripple today released 1 billion XRP, worth approximately 1.92 billion dollars. This is part of its monthly routine aimed at increasing the predictability of XRP supply. Ripple plans to release a total of 55 billion XRP from its escrow account, with about 37.24 billion XRP currently remaining. The actual circulating supply will be determined after locking back the unclaimed tokens.
This release comes after XRP ended November with a 283.9% increase, raising concerns about market volatility among some investors. Nevertheless, on December 1st, the XRP price only dropped by 2.4%, a slight decline, and the current trading price is still above the opening price of 1.93 dollars at the beginning of the month.
Market analysis suggests that the impact of this release on XRP is limited, continuing the previous upward trend. As trading volume may expand on Monday, XRP's trend is expected to become clearer, although the market conditions at the beginning of the month remain stable.