Worth $560 million! The unlocking event of 1 billion XRP caused market shock

Monitoring data shows that at 10:50 this morning, 1 billion XRP were unlocked from unknown wallet custody and released in three transactions, with a total value of approximately US$560 million. This large-scale unlocking operation has undoubtedly had a significant impact on market liquidity and may cause investors to pay attention to short-term price fluctuations of XRP.

From a market perspective, XRP unlocking on such a scale may signal potential strategic deployments or upcoming market changes. Large-amount unlocking events are usually related to the project party’s funding needs, market trading plans, or ecosystem expansion. As these XRPs enter the market, the supply and demand relationship may be impacted in the short term, causing the risk of price fluctuations.

Whether it is hedge funds, whale investors or retail investors, this incident reminds us that paying close attention to the dynamics of the crypto market and wallet activity is crucial to judging market trends. Investors should remain vigilant and adjust strategies promptly to respond to possible market reactions.

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