After preparing the largest monthly reset in November, Ripple has returned to its usual December selling activity. On Sunday night, the company reserved and prepared to unload 200 million XRP of the 1 billion XRP that will be unlocked this month.
According to Finbold, #Ripple unlocked the December #token in three escrows from two known #XRP accounts under its control. Ripple (24) unlocked 200 million XRP and 300 million XRP and transferred the smaller amount to its Ripple (1) financial account.
Ripple (24) then sent 300 million tokens to Ripple (12), locking them in another escrow with a final maturity date of 2028. Meanwhile, Ripple (25) unlocked 500 million XRP in one escrow and re-locked it to Ripple (13).
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How much XRP will Ripple Inc sell in December 2024?
As of now, Ripple said it intends to sell 200 million XRP (worth $528 million) reserved for Ripple (1).
Although this month's reservation is not the largest in terms of XRP tokens, it is the largest sale for Ripple in dollar terms, even larger than November's dump of 470 million XRP, which started at an average of $0.55 per token and totaled $258 million.
In total, Ripple has already sold over 3 billion XRP since the beginning of the year and is on track to make a huge profit by 2024. Interestingly, only four of the 11 months saw sales totaling 200 million XRP. In the other months, the company added tokens from accounts it manages, and that will likely happen again in December.
Ripple doesn't publish data on each sale separately, but it has repeatedly published a sales pattern. According to sources, XRP is sold using an on-demand liquidity (ODL) model, where it is sold to willing buyers at market price.
However, even this model requires prior demand, which dilutes the exchange's #order book and absorbs much of the pressure on XRP buyers.
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