XRP Price Crashes 14% as Ripple Unlocks 1 Billion Tokens, But DTX Exchange (DTX) Shows Signs of Explosive Growth

The crypto market is in turmoil as XRP price experienced a dramatic plunge of 14% in just 24 hours, dropping to $2.58 after Ripple unlocked 1 billion XRP tokens.

XRP price crashed by 14% in just 24 hours, dropping to $2.58 after Ripple unlocked 1 billion XRP tokens.

The crypto market experienced a turbulent start to the week as XRP price took a nosedive, dropping by 14% and reaching $2.58 after Ripple unlocked 1 billion XRP tokens. This large-scale release of tokens sent shockwaves through the investor community.

The XRP price crashed as Ripple unlocked 1 billion XRP tokens, valued at approximately $3.1 billion. This release occurred as part of Ripple’s monthly schedule, but it triggered a negative response from investors who anticipated a dump driven by oversupply.

Unlike previous XRP unlocks, these tokens originated from Ripple (26) and Ripple (27) escrow accounts, which had never been used before. While Ripple typically relocks 75-80% of the released supply, the market felt the impact of 400 million XRP ($1.1 billion) entering fresh circulation.

This supply shock coincided with broader market sell-offs, dragging XRP price to $2.58, which marked its lowest level since January 14. Analysts like Timothy Sykes warn that ongoing trade tensions could further destabilize the crypto market, potentially leading to another wave of XRP price declines.

Despite the downturn, some XRP bulls remained optimistic, pointing to Ripple’s expanding institutional adoption and potential XRP ETF approvals as long-term catalysts for an eventual $12 target.

While XRP price grapples with supply shocks and market sentiment, DTX is carving its own path to success. This ERC-20 token has raised over $13 million in its final presale round and boasts a growing community of more than 500,000 holders. At $0.16, DTX price is attractively low, with analysts projecting it could surge by an astonishing 18,500% once it lists on major exchanges.

DTX’s core strength lies in its innovative VulcanX blockchain, which has demonstrated the ability to process 200,000 transactions per second (TPS) in testnet. This technological advantage enables DTX to bridge the worlds of traditional finance (TradFi) and decentralized finance (DeFi), offering users a multi-asset trading platform that includes stocks, forex, and cryptocurrencies.

While Ripple’s careful management of token supply aims to maintain a controlled environment for XRP price, DTX’s immediate catalyst is its innovative platform and the excitement surrounding its launch. If DTX can maintain its momentum and capitalize on its technological edge, it might not only challenge but outpace XRP in the short term.