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

3 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.

Tier I

Sector: #18291

Sealed Hiding Place Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, hiding places will be stored in your inventory and can be opened with Keys.

Other news

Blockchain.com Introduces New Trading API for Institutional Clients

Blockchain.com has launched a trading API designed for institutions to access its liquidity across digital assets.

user avatarSon Min-ho

Warren and Trump Team Up for Credit Card Interest Rate Cap

Senator Elizabeth Warren announced her readiness to collaborate with President Donald Trump to implement a 10% cap on credit card interest rates, aiming to provide relief for millions of Americans burdened by high credit card debt.

user avatarAyman Ben Youssef

Broadridge and Dinari Integrate Proxy Voting for Tokenized Stocks

Broadridge and Dinari have integrated their systems to allow eligible holders of Dinaris dShares to exercise voting rights through established proxy voting infrastructure.

user avatarTando Nkube

Google Launches TPU 8tx and TPU 8i Max AI Systems to Challenge Nvidia

Google has launched TPU 8tx and TPU 8i Max AI systems to enhance privacy and memory capabilities, aiming to compete with Nvidia.

user avatarKofi Adjeman

Nvidia's Stock Plummets Amid Scandal and Google’s AI Chip Launch

Nvidia's stock has dropped significantly following CEO Jensen Huang's admission of an extramarital affair, coinciding with Google's announcement of new AI chips.

user avatarNguyen Van Long

FATF to Review Jurisdictions with Weak Virtual Asset Oversight

The Financial Action Task Force (FATF) will review jurisdictions with longstanding shortcomings in virtual asset regulation to identify necessary actions for the upcoming plenary.

user avatarSatoshi Nakamura

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.