Ripple's monthly release of 1 billion XRP tokens from escrow has triggered a 2% drop in price.

Ripple unlocked 1 billion XRP tokens, valued at over $2.18 billion, through three transactions: 400 million, 500 million, and 100 million XRP. However, only 330 million new tokens entered the market, as 670 million XRP were locked back into escrow.

XRP's price fell by about 2%, landing at around $2.19, with its total market value standing at $128 billion. Trading activity has slowed down, with a 24-hour trading volume of nearly $2 billion, showing a drop of 18% compared to before.

This monthly release is part of Ripple's strategy to manage XRP's supply and prevent market flooding. By re-locking a significant portion of the tokens, Ripple aims to maintain market stability and control liquidity.

The price drop is consistent with past unlock events, where temporary dips followed large token releases. Market analysts suggest that the bearish sentiment surrounding XRP is partly due to broader crypto market volatility and ongoing regulatory concerns.#CUDISBinanceTGE $XRP