|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cryptocurrency News Articles
Ripple (XRP) Prepares 300 Million XRP From Treasury for February Sales
Feb 04, 2025 at 11:03 pm
Ripple, the company behind XRPL (XRP) core development and its largest token holder, is preparing its treasury for February sales.
XRPL (XRP) core development company and largest token holder Ripple is preparing its treasury for February sales. According to onchain data, Ripple has reserved 300 million XRP from the 1 billion that were unlocked on February 1. At current prices, this amount is valued at $795 million.
Finbold acquired the transaction history from XRP Scan, which shows the labeled ‘Ripple (1)’ account receiving the tokens. This follows a known pattern that repeats monthly, where Ripple unlocks 1 billion XRP from the genesis distribution, reserves a portion for its budget sales, and re-locks the remaining for future unlocks.
Precisely, the company unlocked 1 billion XRP from ‘Ripple (26)’ and ‘Ripple (27)’, but did not move these tokens. Instead, this time, it used previously unlocked XRP from ‘Ripple (24)’ and ‘Ripple (25)’.
While Ripple now has 1 billion liquid XRP on ‘(26)’ and ‘(27)’, it re-locked 200 million and 500 million XRP from ‘(24)’ and (‘25’), respectively, sending them to escrows on ‘Ripple (12)’ and ‘Ripple (13)’. These new escrows will reach finality in Q1 2028.
XRP price analysis amid possible dump from Ripple
At the time of writing, XRP is trading at $2.65, up 24.36% year-to-date.
In January, Ripple also reserved and sold 300 million XRP, which is higher than the 2024 average of 200 million XRP. However, the token was able to attract enough demand to absorb this selling pressure and perform well, as observed.
According to onchain trails, Ripple’s monthly reserved XRP tokens usually end up in unknown accounts and, at one point, in centralized exchange deposit addresses, which typically indicate sales in the open market.
Therefore, Ripple dumping nearly $800 million in XRP, while relevant, does not guarantee a poor performance. XRP needs to continue seeing a growing demand for its token, while its supply is diluted by the monthly inflation that has plagued Ripple since 2012, giving it one of the largest selling records (in USD value) among all cryptocurrency projects.
The featured image is from Shutterstock
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.
-
- Eric Trump's Family-Run WLFI Draws Crypto Community Ire After Dumping $300M in ETH, WBTC, and Other DeFi Tokens
- Feb 05, 2025 at 03:46 am
- Eric Trump and their family-run World Liberty Financial (WLFI) have elicited crypto community backlash. The criticism followed WLFI’s recent sale of Ethereum [ETH]
-
- Eric Trump Signals Bullish Stance on Ethereum (ETH) as World Liberty Financial Makes Waves
- Feb 05, 2025 at 03:46 am
- Eric Trump, an executive VP at the Trump Organization, says "it's a great time to add ETH", signaling a bullish stance on the world's second-largest cryptocurrency by market capitalization.
-
- Lightchain AI (LCAI) – The New Altcoin King Ready to dethrone Ethereum (ETH) in 2025
- Feb 05, 2025 at 03:46 am
- Ethereum (ETH) may hold the crown as the reigning altcoin king, but a new wave of challengers is rising to steal its spotlight. Among these contenders, Lightchain AI stands out with its groundbreaking blend of blockchain and artificial intelligence.