Ripple has unlocked one billion XRP tokens, valued at $1.92 billion, as part of its standard monthly operation. Ripple plans to unlock a total of 55 billion tokens from its escrow accounts, making up nearly 55% of the total XRP supply, to create more predictability in the token's supply. The release of the tokens may cause volatility in the market, especially since XRP ended November with a price gain of 283.9%. However, the token only experienced a 2.4% intraday drawdown on the first day of December. XRP is currently trading above its opening price of $1.93.
- Content Editor ( u.today )
- 2024-12-01
Ripple Unleashes 1 Billion XRP Amid Historical XRP Price Breakout