Ripple, the lead developer of the XRP Ledger and the largest holder of the token, is poised to sell 200 million XRP in August, worth about $110 million at current prices. If such a large sell-off occurs, it will create significant selling pressure in the spot market, potentially pushing prices down.
On August 1, Ripple unlocked 1 billion XRP from escrow running on Ripple (24) and Ripple (25) accounts. Ripple (24) issued 2 deposits of 200 million and 300 million tokens, while Ripple (25) only issued 500 million once.
Release on August 1 | Source: XRPScan
After unlocking, the company transferred 200 million XRP to its Ripple treasury account (1)on a monthly basis. The market predicts that Ripple will strategically sell from this account throughout August, bringing the token to exchanges.
Trade XRP from Ripple (1) | Source: XRPScan
Ripple's XRP unlocking activity in August
Interestingly, Ripple has locked up 80% of the remaining issued tokens into new escrows that will end in 2027.
After depositing 200 million XRP to the treasury account, Ripple (24) sent 300 million to Ripple (12). Of this amount, the company has locked 200 million tokens into escrow until November and 100 million until December 2027.
Meanwhile, Ripple (25) sent the entire full issuance to Ripple (13), locking it until November 2027. This pattern happened multiple times, every month.
Ripple deposits monthly
XRP price analysis amid Ripple unlock
As reported, Ripple sold 1.826 billion XRP from its treasury account year-to-date, worth $1 billion at the current price of $0.54. The asset is down 11% over the same period (YTD) and down 12.14% compared to August 1 since unlocking.
In January, Ripple sold 226 million XRP in 3 days, all of which resulted in bearish price action. February sold a total of 260 million XRP in 3 more days, two of which had positive performance. March closed out the first quarter with 240 million coins sold from treasury accounts during the two-day sale.
Furthermore, Ripple sold 200 million coins on two days in April and May, recording three days of price increases. However, June marked the largest monthly dump in the company's history, selling 400 million XRP in two days at a loss. Most recently, Ripple sold 300 million XRP in two batches of 150 million each when the price spiked.
Daily XRP price chart and Ripple sales | Source: TradingView
Now, the market is waiting to see what Ripple's August selling activity will bring. As things progress, traders and investors must be cautious and consider the economic fundamentals of this cryptocurrency.
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