Ripple to unlock 1 billion XRP on December 1 – Should investors be worried?
On the first day of every month, Ripple unlocks 1 billion XRP tokens from an escrow system using the XRP Ledger. On December 1 (Sunday), the company will unlock $1.60 billion worth of tokens in three transactions of 200 million, 300 million, and 500 million XRP. Interestingly, December 2024’s unlock accounts for 1.75% of the current 56.99 billion circulating supply. Moreover, accrues for 2.61% of the remaining 38.23 billion XRP tokens locked in escrows under Ripple’s control. Three escrows will reach finality in the last minutes of November 30, held by two known wallet addresses Ripple owns. In particular, ‘Ripple (24)’ will unlock 200 and 300 million XRP, previously locked in November and December 2020. Picks for you Putin signs law recognizing Bitcoin and crypto as Property 55 mins ago ...