Ripple to Release 1 Billion XRP Tokens on February 1, 2025
A significant event is looming for XRP holders, as Ripple is set to unlock 1 billion XRP tokens, valued at approximately $3.10 billion, on February 1, 2025. This marks the first monthly unlock, with Ripple potentially selling a portion of these tokens in the coming weeks.
Ripple's escrow system, established in 2017, locks up 55 billion XRP, with 1 billion tokens released monthly. Typically, 20% of these tokens are reserved for sales and expenses, while the rest are re-escrowed for future use.
The impact of this release on XRP's price is uncertain. Some traders view it as a selling opportunity, while others see it as a chance to buy the dip before a potential price surge. Market volatility is expected, so it's essential to keep a close eye on developments. Will this event affect XRP's price in February?$XRP
