Ripple's Major XRP Release: What to Know

๐Ÿš€ 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.

๐Ÿ“‰ 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%.

๐Ÿ—“๏ธ 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.

๐Ÿ’ก 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.

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