Ripple's Major XRP Release: What to Know

🚀 1 Billion XRP Tokens Released

On July 1, 2024, Ripple will unlock 1 billion XRP tokens worth $470 million. This monthly release is part of Ripple's ongoing strategy to manage token supply.

📉 Impact on XRP Price

Historically, these releases have led to price drops for XRP. For example, June's release resulted in significant sell-offs, driving the price down by 9.25%.

🗓️ Escrow System Explained

Ripple's monthly unlocks, managed through accounts "Ripple (24)" and "Ripple (25)," will continue until January 2025. July's release includes two tranches: 100M and 400M XRP.

💡 Why It Matters

With more tokens entering the market, XRP holders and traders should be aware of potential price volatility. Monitoring these releases is crucial for strategic trading decisions.

#CryptoNews #XRP #Ripple #Blockchain #Cryptocurrency