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📢 Ripple to unlock 1 billion $XRP tokens on February 1, 2025 – Time to sell or buy? 🚨
Big news for $XRP holders! On February 1, Ripple will unlock 1 billion XRP tokens, valued at approximately $3.10 billion at current prices. This is the first release of the month, with Ripple potentially selling some of this stash in the coming weeks.
🔒 How it works:
When XRP launched in 2012, Ripple held 80 billion of the total supply in reserve. To control the supply, Ripple implemented an escrow system in 2017 to lock up 55 billion XRP, with monthly releases continuing to this day.
Each month, Ripple releases 1 billion XRP, with about 20% typically reserved for sales and spending, while the rest is locked in new escrow accounts for future use.
💡 What does this mean for the price of XRP?
This regular release of XRP can impact price volatility: some traders see it as a potential selling point, while others see it as an opportunity to buy the dip before any bullish moves. Keep an eye on the market!
Will this impact XRP price in February? Have your say below! 👇
