🍋🤑🔥Ripple, the company behind the development of the XRPL (XRP) core and the largest holder of the token, is preparing its treasury for the February sale. Onchain data shows that Ripple has reserved 300 million XRP out of the 1 billion unlocked on February 1. At these prices, the amount is worth $795 million.💰💥🎁
👍🍋🤑Finbold obtained a transaction history from XRP Scan that shows an account labeled “Ripple (1)” receiving tokens. This is a known pattern that repeats itself every month, where Ripple unlocks 1 billion XRP from the Genesis distribution, reserves some for its budget sales, and re-locks the rest for future unlocks.🎁💥🔥
🔥🍋👍XRP price analysis amid a possible Ripple reset🎁🔥🍋
At the time of writing, XRP is trading at $2.65, up 24.36% year-to-date.
🍋🍋🍋In January, Ripple also reserved and then sold 300 million XRP, exceeding the average of 200 million XRP in 2024. Nevertheless, the token was still able to attract enough demand to overcome the selling pressure and was observed to perform well.💥💥💥
⭐🚀💰According to onchain traces, Ripple XRP tokens that are reserved every month usually end up in unknown accounts, and at some point, in centralized exchange deposit addresses, which usually means they are sold on the open market.🍋🤑🔥
🎁💥🔥So, Ripple's nearly $800 million XRP dump, while relevant, cannot guarantee poor performance. XRP should continue to see increasing demand for its token while its supply is being reduced by the monthly inflation that has plagued Ripple since 2012, which has one of the largest sales (in USD) of any cryptocurrency project.💥🔥🤑
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