🚨“1 billion XRP to freedom: hold your wallets tight”
Well, June starts with a classic — Ripple is unlocking 1 billion XRP again. As per tradition, every month they open the cage and let a billion tokens out for a stroll. This time — for over $2.3 billion. A small amount, but pleasant.
😇 “But we control everything!” — say Ripple. And it's true: usually, a large part is sent back into the cage — up to 70% returns to conditional custody. The leftovers go for “operational expenses” (well, who are we to count other people's money) and “support for the ecosystem” — that also sounds very ecological.
📦 This month Ripple went even further — they preemptively locked 700 million XRP, saying “don’t worry, we won’t dump everything at once, just a little bit.” Preventive measures against market panic, they say. Very caring, thank you!
📉 What about the price? XRP is down 10% for the week. But up 11% for the month. So everything is consistently unstable.
And now for the cherry on top: June 17 — deadline for the SEC's decision on the XRP ETF.
So, if you thought summer would start calmly — ha-ha, no. Sit back and relax, it’s going to be fun.
