• 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

House Democrats Call for Investigation into World Liberty Financial

chest

A coalition of over 40 House Democrats is urging the Treasury Department to investigate World Liberty Financial due to potential conflicts of interest and national security risks.

user avatarLeo van der Veen

Analysts Maintain Positive Outlook on Nvidia Stock After Deal Restructuring

chest

Analysts maintain a positive outlook on Nvidia's stock despite the restructuring of the Nvidia OpenAI deal, with a high average price target and strong investor confidence.

user avatarLi Weicheng

Nvidia Restructures OpenAI Deal to $30 Billion Equity Stake

chest

Nvidia has restructured its deal with OpenAI, reducing its commitment from $100 billion to a $30 billion equity stake.

user avatarAisha Farooq

Goldman Sachs Expands Crypto Exposure Beyond Bitcoin

chest

Goldman Sachs has diversified its cryptocurrency holdings, now including Ethereum, XRP, and Solana, while CEO David Solomon shares his personal Bitcoin investment.

user avatarTenzin Dorje

Crypto Market Faces Significant Outflows Amid Bearish Sentiment

chest

The cryptocurrency market is currently facing a bear market, characterized by significant outflows from crypto funds.

user avatarBayarjavkhlan Ganbaatar

XRP Price Trends Show Weak Momentum and Potential Support Levels

chest

XRP has corrected by approximately 40% since the start of the year, indicating weak momentum and potential support levels.

user avatarMohamed Farouk

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.