🚨 Ripple Will Unlock 1 Billion $XRP Today – Is It Time to Sell or Buy? 🚨
Big news for $XRP holders! On February 1, Ripple will unlock 1 billion XRP tokens, worth approximately $3.10 billion at current prices. This is the first unlock of the month, with the possibility that Ripple will sell some of this amount in the coming weeks.
🔒 How it works:
When XRP launched in 2012, Ripple held 80 billion of the total supply as reserves. To control the supply, Ripple established an escrow system in 2017 to lock 55 billion XRP, with monthly unlocks continuing to this day.
Each month, Ripple releases 1 billion XRP, with about 20% usually allocated for sales and expenses, while the remainder is locked back into new escrow accounts for future use.
💡 What does this mean for XRP's price?
This regular XRP release could impact price volatility—some traders see this as a potential sell point, while others view it as an opportunity to buy in when prices drop before any upward movements. Keep an eye on the market.