• 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

Unlock Rewards with MemHustle's Riddle of the Day

chest

On December 30, 2025, MemHustle invites users to participate in its Riddle of the Day, where solving a riddle can earn them Gems and HP tokens.

user avatarAisha Farooq

MemHustle Surpasses 500K Active Users in Less Than a Year

chest

MemHustle has rapidly grown to over 500,000 active users since its launch on January 14, 2025, thanks to innovative features like airdrop mining and daily riddles.

user avatarTenzin Dorje

Ton Station Daily Combo Launching on December 30, 2025

chest

Ton Station is launching its Daily Combo feature on December 30, 2025, allowing players to earn rewards effortlessly by discovering card combinations.

user avatarBayarjavkhlan Ganbaatar

SUNio's Fee Reduction Expected to Boost User Engagement

chest

SUNio has reduced transaction fees to 1, expected to enhance user experience and increase activity on the TRON network and SunSwap V3 platform.

user avatarDiego Alvarez

SUNio Reduces Transaction Fees to Enhance TRON Ecosystem

chest

SUNio has upgraded its Smart Router contract, lowering transaction fees to 1 for multiversion exchanges to enhance the TRON ecosystem.

user avatarKenji Takahashi

Spur Protocol Daily Quiz Gains Popularity with Nearly 2 Million Users

chest

The Spur Protocol Daily Quiz has gained significant traction since its launch, attracting nearly 2 million users.

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.