Ripple's big move! They unlocked 500 million tokens worth up to 1.1 billion dollars, which has excited friends in the XRP community.
Just in time, the price of XRP surged by 11.22% in the past 24 hours, reaching a high of 2.44 dollars, with a market capitalization soaring to 135 billion dollars.
While unlocking the tokens, Ripple also made a bold statement: January 20 is approaching, Trump is entering the White House again, bringing glory back to cryptocurrencies!
These tokens were taken from Ripple's Ripple 25 wallet, which still holds 500 million tokens.
The recently unlocked 500 million tokens have already been transferred to the "Ripple 13" wallet and are being held in custody.
Everyone has seen Ripple's custody unlock news and is looking forward to big news in 2025.
Especially after Trump's election as president, major changes are expected in the cryptocurrency space. His administration is seen as supportive of cryptocurrencies, which makes friends in the blockchain community very optimistic.
Friends in the XRP community are especially filled with anticipation; they feel that under Trump's leadership, XRP can enjoy a clearer regulatory environment.
If there are changes in the SEC's leadership, Ripple's long-term lawsuit might even be dismissed.
Currently, XRP has several bullish factors supporting it. Resolving the SEC lawsuit and obtaining approval for a spot XRP ETF in the U.S. will drive the price up further.
Although XRP's current price is still significantly lower than its historical high of 3.84 dollars, everyone believes it has recovery potential.
Ripple recently launched the RLUSD stablecoin, pegged to the dollar, which is another positive for XRP.
They also plan to collaborate with Cardano to develop blockchain solutions, which in the long run is very beneficial for XRP.
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