Ripple is responsible for developing the XRP Ledger (XRP) and is the token’s largest holder, whose actions impact its price. On August 1, the company will unlock another 1 billion XRP from the initial distribution, potentially creating relevant selling pressure.

Notably, Ripple has done these unlocks every month since implementing the escrow system in 2017, locking 55 billion XRP. Right now, around 44.02 billion XRP are still locked into these escrows, waiting to enter circulation through Ripple sell-offs.

The next escrows will end on July 31, releasing the tokens with a $600 million nominal value by press time. However, Ripple may re-lock the most part of it, as happened in previous months.

Finbold retrieved on-chain data from XRPScan, revealing that the unlocking will happen at ‘Ripple (24)‘ and ‘Ripple (25)‘ accounts. The former has two escrows worth 200 million and 300 million XRP, while the latter has a single 500 million contract – totaling 1 billion XRP.

Further, Ripple sold 200 million XRP on two days each of April and May, registering three days of gains. However, June marked the company’s largest monthly dump in history, offloading 400 million XRP in two losing days. Most recently, Ripple sold 300 million XRP in two batches of 150 million each as the price surged.

Now, the market awaits August 1’s unlock of 1 billion XRP, curious about what Ripple’s selling activity will bring. As things develop, traders and investors must remain cautious and weigh the cryptocurrency‘s economic fundamentals.

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