#XRPETFs XRP Token Unlock: Will the Release of 1 Billion XRP on May 1 Affect Price Stability?

Apr 24

In today's XRP news, there are reports of a series of new XRP tokens being unlocked at the beginning of May. This news may cause some XRP investors to be worried as they might think that increasing the supply could cause issues. However, these token releases have become the norm over the past few years, as we typically unlock them monthly. Additionally, market data also shows that open interest and activity of this token's users are on the rise. Based on these developments, the value is expected to increase soon.

Will the Unlocking of 1 Billion XRP on May 1 Affect the Price?

Based on reports, 1 billion XRP tokens will be unlocked on May 1. This amount is equivalent to a value of about $2.19 million, which will be added to the market. This amount may be concerning, but the unlocking schedule of the Ripple token has been in place for many years.