• 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

Zcash Community Maintains Optimism Amid Price Fluctuations

chest

The Zcash community remains optimistic about the asset's future, especially with the potential for an ETF registration.

user avatarMaya Lundqvist

Navigating the Complexity vs Reliability Dilemma in Financial Modeling

chest

High-level finance teams face challenges in balancing the complexity of advanced models with the need for reliability.

user avatarTenzin Dorje

Defining Objectives: Key to Effective Financial Modeling

chest

Defining objectives is crucial for effective financial modeling and decision-making.

user avatarLeo van der Veen

Why Traditional Forecasting Fails in Today's Markets

chest

Traditional forecasting methods are inadequate in today's volatile markets, urging finance teams to adopt dynamic modeling for better insights.

user avatarLi Weicheng

Speculative Reports on Inflation Target Revision by Treasury Secretary Bessent

chest

Speculative reports suggest US Treasury Secretary Scott Bessent may advocate for a revision of the Federal Reserve's 2% inflation target, but lack official confirmation.

user avatarAisha Farooq

Five Advanced Techniques for Enhanced Financial Projections

chest

The article outlines five advanced modeling techniques that enhance financial projections in volatile markets.

user avatarBayarjavkhlan Ganbaatar

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.