2024

Cryptocurrency

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 <p class="paragraph">Ripple has around 45.90 billion XRP, which is currently locked in escrows and not part of the token’s circulating supply. On January 1, Ripple unlocked 1 billion XRP, valued at $630 million, keeping 20% of the total.</p>
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 <p class="paragraph">Each month, Ripple unlocks another 1 billion tokens. The company often retains only a fraction of it for its treasury, frequently selling the rest on the market. Finbold has tracked these unlocks, identifying patterns that affect the asset’s long-term value.</p>
 <p class="paragraph">In January, Ripple held back 200 million XRP, consistent with prior months. This amount is now worth roughly $126 million, with each token priced at $0.63 by press time.</p>
 <p class="paragraph">Particularly, the company prepared this month’s selling activity by sending the 200 million XRP from ‘Ripple (22)’ to ‘Ripple (1)’. The institution controls both accounts, with the former being the unlocked escrow address and the latter used as its liquid treasury.</p>
 <h2 class="wp-block-heading" id="h-ripple-s-xrp-escrow-activity-in-january-2024">Ripple’s XRP escrow activity in January 2024</h2>
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 <p class="paragraph">Similarly to what happened in previous months in 2023, escrows have reached finality within ‘Ripple (22)’ and ‘Ripple (23)’ accounts.</p>
 <p class="paragraph">The former unlocked 500 million XRP on January 1, sent 200 million to ‘Ripple (1)’, and 300 million to ‘Ripple (11)’. Interestingly, this account is currently used to re-lock XRP in new escrows. As for this recent transaction, the 300 million will be released on May 1, 2027.</p>
 <p class="paragraph">Later, ‘Ripple (23)’ sent the unlocked 500 million to ‘Ripple (10)’, also fully locked in an escrow to June 1, 2027.</p>
 <figure class="wp-block-image size-large"><img decoding="async" loading="lazy" width="1024" height="561" src="https://cdn.thebittimes.com/images/2024/01/02/1d568ed89f62bdfb3cb1cf942531bbac.webp" alt class="wp-image-146683" srcset="https://cdn.thebittimes.com/images/2024/01/02/1d568ed89f62bdfb3cb1cf942531bbac.webp 1024w, https://cdn.thebittimes.com/images/2024/01/02/1d568ed89f62bdfb3cb1cf942531bbac.webp 300w, https://cdn.thebittimes.com/images/2024/01/02/1d568ed89f62bdfb3cb1cf942531bbac.webp 768w, https://cdn.thebittimes.com/images/2024/01/02/1d568ed89f62bdfb3cb1cf942531bbac.webp 1388w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption">
   Monthly escrow Ripple (XRP) | January 2024. Source: Finbold
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 </figure>
 <p class="paragraph">Nevertheless, both ‘Ripple (22)’ and ‘Ripple (23)’ still hold 2 billion XRP tokens for monthly escrows that will end within the next two months until March 1, 2024. These unlocks are XRP’s supply inflation.</p>
 <p class="paragraph">It is important to understand that Ripple usually liquidates their holdings in strategic moments. Essentially, the sell-offs represent a relevant weight of the token’s 24-hour trading volume, capable of influencing short-term price action.</p>
 <p class="paragraph"><strong><em>Disclaimer:</em></strong><em> The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.</em></p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/ripple-to-dump-this-much-xrp-in-january-2024-tbt75344.html">https://thebittimes.com/ripple-to-dump-this-much-xrp-in-january-2024-tbt75344.html</a></p>

Ripple to dump this much XRP in January 2024

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