Understanding Ripple’s XRP Unlock Activity in August 📊
Ripple, the developer of XRP Ledger (XRP) and the largest holder of the token, is set to sell 200 million XRP in August, valued at approximately $110 million at current prices. This potential massive sell-off could exert significant selling pressure on spot markets, potentially impacting the XRP price. 📈
Ripple’s XRP Unlock Activity in August 🔄
- Ripple recently unlocked 1 billion XRP from escrows in the Ripple (24) and Ripple (25) accounts.
- Ripple (24) released two escrows of 200 million and 300 million tokens.
- Ripple (25) released a single 500 million contract.
- Post unlocking, 200 million XRP was moved to Ripple’s treasury account every month.
Analysing XRP Price Amid Ripple Unlocks 💰
- Ripple has sold 1.826 billion XRP year-to-date from its treasury account, amounting to $1.0 billion at current prices.
- The XRP asset has seen an 11% decrease year-to-date and a 12.14% decline since the unlock on August 1.
- Ripple’s selling activity in January to June showcased varied impacts on the XRP price.
Stay Cautious and Monitor Ripple’s Activity 🚨
As Ripple continues its selling activity in August, traders and investors should remain vigilant and assess the cryptocurrency’s economic fundamentals closely. 📉
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