• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M
Ripple plans to sell off all of its unlocked XRP before the end of 2023.

Ripple plans to sell off all of its unlocked XRP before the end of 2023.

user avatar

by Max Nevskyi

2 years ago


Ripple remains the largest holder of XRP, and most of its assets are in escrow mode until 2027. Every month, the company unlocks 1 billion tokens, maintaining the desired share and re-blocking crypto assets.

In December, Ripple retained 200 million XRP (20%), and the rest were again locked in an escrow account until April-May 2027. The address of the crypto wallet where the available reserves are stored is marked as "Ripple (1)" on the XRP Scan.

Usually, every month, the company transfers tokens to this account that it plans to keep, and then partially transfers them to several other unlabeled addresses, possibly controlled by the same owner. XRP is then sent to centralized exchanges.

At the moment, Ripple has already used 240 million XRP of the 200 million unlocked in December. This means that the company uses part of the accumulated reserves to sell before the end of the year.

It is worth noting that after receiving 200 million XRP from Ripple on December 1 (22), sales were divided into three parts: First, 60 million was spent on December 6, then another 60 million six days later. On December 20, Ripple made a transaction worth 120 million XRP.

Interestingly, Ripple has 96.34 million liquid XRP remaining, which can be sold at any time. This amounts to $57.87 million, considering the current XRP price of $0.61.

Ripple's total sales for December were $148.80 million, which certainly affects the XRP offering. Thus, those who claim that Ripple has nothing to do with XRP are mistaken, since the company directly affects the economic dynamics of the token.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Rep. Warren Davidson Introduces Bitcoin For America Act

chest

Rep. Warren Davidson introduces the Bitcoin For America Act to establish a Strategic Bitcoin Reserve in the US House.

user avatarMiguel Rodriguez

PumpFun's Major USDC Withdrawal Triggers Market Reaction

chest

PumpFun executed a significant withdrawal of 436.5 million USDC, causing a 24% decline in the PUMP token's value.

user avatarLuis Flores

VALR Partners with OpenPayd for Enhanced Multicurrency Operations

chest

VALR partners with OpenPayd to enhance multicurrency operations, allowing customers to fund accounts in euros, pounds, and US dollars.

user avatarArif Mukhtar

Grayscale Seeks SEC Approval for Chainlink ETF

chest

Grayscale has filed with the SEC to convert its Chainlink Trust into a spot ETF, potentially the first US-listed ETF offering direct exposure to LINK.

user avatarMaria Gutierrez

Grayscale Research Highlights Chainlink's Role in Tokenized Finance

chest

Grayscale Research has published a report titled 'The LINK Between Worlds', identifying Chainlink as the foundational infrastructure layer for the growing tokenized real-world asset sector.

user avatarDavid Robinson

The Secret to Finding Undervalued Industries

chest

Investors are encouraged to shift their focus from individual stocks to entire undervalued industry segments for better investment opportunities.

user avatarJacob Williams

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.