Ripple will unlock 1 billion XRP on February 1 2025 – Sell time?
#Ripple , the company behind #XRPL and the $XRP token development, will unlock 1 billion XRP on February 1, Saturday. At current prices, this unlock is worth $3.10 billion, of which Ripple could sell a fraction throughout the month.
When XRP was launched in 2012, Ripple kept 80 billion of the supply out of circulation to itself, gradually selling some units, distributing it to the market. In 2017, the company implemented an escrow system to lock the still undistributed 55 billion XRP, with programmed monthly unlocks.
This system remains to these days, as Ripple continues to unlock 1 billion XRP on the first day of every month, reserving a fraction (usually 20%) for its monthly sales and expenses, while re-locking the remaining tokens into new escrows for the following years.
#Ripple , the company behind #XRPL and the $XRP token development, will unlock 1 billion XRP on February 1, Saturday. At current prices, this unlock is worth $3.10 billion, of which Ripple could sell a fraction throughout the month.
When XRP was launched in 2012, Ripple kept 80 billion of the supply out of circulation to itself, gradually selling some units, distributing it to the market. In 2017, the company implemented an escrow system to lock the still undistributed 55 billion XRP, with programmed monthly unlocks.
This system remains to these days, as Ripple continues to unlock 1 billion XRP on the first day of every month, reserving a fraction (usually 20%) for its monthly sales and expenses, while re-locking the remaining tokens into new escrows for the following years.
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XRP
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