🚨 Shocking Tremor! 200 Million XRP Mysteriously Unlocked, Is a Sell-off Wave Coming?! 😱📉

Unknown whale activity, XRP price is precarious!

Mysterious unlocking event

Whale Alert reports that 200 million XRP (about 20% of Ripple's monthly release of 1 billion) has been unlocked from an unknown custody wallet, raising market speculation. Ripple has been releasing 1 billion XRP monthly since 2017, with the remaining portion being re-locked. This unlocking deviates from the norm, not flowing into exchanges, temporarily alleviating sell-off concerns.

Whales and market impact

The identity of the unlocking wallet is unclear, possibly an early investor, institution, or a new Ripple address. If 200 million XRP is sold, it may increase supply pressure, pushing down the price; if used for over-the-counter trading, ODL, or re-locked, the impact would be limited. Binance's XRP reserves have dropped to 2.2 billion, active addresses have surged to 700,000, indicating long-term holding. EGRAG CRYPTO predicts XRP could surge to $17-$55, but BLOCK BULL warns of a risk of falling to $1.55.

Investor advice

Keep an eye on the destination of the 200 million XRP, monitor price fluctuations, and avoid panic trading. Ripple's expansion of ODL and the SEC lawsuit remain key influencing factors, staying informed is crucial.