• 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

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.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Cardano DeFi Project SecondFi Faces Major Security Flaw

chest

The Cardano DeFi project SecondFi is facing scrutiny due to a critical wallet key generation flaw, exposing users to potential losses in the tens of millions of dollars.

user avatarSon Min-ho

Avalanche AVAX Sees Significant Rally Amid FIFA World Cup 2026 Collaboration

chest

Avalanche AVAX has rallied by 37% in the last 24 hours due to a collaboration with FIFA for ticketing, becoming the second-best performing cryptocurrency in the top 100 projects.

user avatarAyman Ben Youssef

Updated Editorial Standards Highlight Accuracy and Impartiality.

chest

A new editorial policy has been implemented by the editorial team, emphasizing accuracy, relevance, and impartiality in reporting.

user avatarTando Nkube

Ethereum Research Proposal Puts Staking Economics in Focus

chest

A proposal titled Validator Redirected Revenue aims to address funding for public goods in the Ethereum ecosystem.

user avatarKofi Adjeman

Farside Investors Emphasizes Strict Editorial Standards

chest

Farside Investors has released a report that emphasizes its commitment to a strict editorial policy focused on accuracy, relevance, and impartiality.

user avatarNguyen Van Long

Meta is Set to Launch a New Prediction Market App Named 'Arena'

chest

Meta is reportedly developing a new app called Arena that will allow users to make predictions on events using points instead of real-world cash.

user avatarJesper Sørensen

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.