1 billion Ripple tokens will be released tomorrow; Should we wait for $XRP to drop?
Ripple, the main developer of XRP Ledger, plans to release 1 billion XRP tokens on September 1. This is part of the monthly program of releasing tokens from the initial distribution, which is often followed by a drop in Ripple's price.
The value of this release at current prices is 570 million dollars, a part of which will be sold in the coming days. XRPScan data shows that the two addresses will release a total of 1 billion Ripples in three transactions.
Since May 2024, Ripple has used these two accounts for monthly releases. Since the beginning of 2024, Ripple has sold more than 2.02 billion Ripple worth about $1.15 billion from its treasury account.
Ripple investors should keep a close eye on Ripple selling activities as it can have a strong impact on the price of this token.
