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Ripple Unleashes 1 Billion XRP Amid Historical XRP Price Breakout

UToday

2024-12-01 10:47:30

XRP2,64%

One billion XRP tokens were unlocked by Ripple today, which can be valued at $1.92 billion at the current price. This release is a standard operation in which the San Francisco-based crypto company releases 1 billion XRP to the open market every first of the month. According to the original XRPL novel, Ripple is expected to unlock a total of 55 billion tokens from its escrow accounts, which is nearly 55% of the total XRP supply. The goal of such a decision was to make the supply of XRP more predictable.

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