Ripple Unlocks 1 Billion XRP Worth $2.34 Billion
1min read Ripple, the company behind the cryptocurrency XRP, is set to unlock 1 billion XRP on April 1, 2025. This move is part of the company's monthly sales strategy, which has been in place since 2017. The unlocked XRP is worth approximately $2.34 billion at current prices, and Ripple is the largest holder of XRP, controlling more than 50% of the available supply.
After the launch of XRP in 2012, Ripple retained 80 billion of the 100 billion supply for itself, gradually selling and distributing it to the market. In response to community concerns about transparency and the impact on price, Ripple implemented an escrow system in 2017 to lock the remaining 55 billion XRP. This system involves programmed monthly unlocks, with a fraction of the unlocked tokens reserved for sales and expenses, while the rest are re-locked into new escrows for future years.
This month's unlock will occur when escrows labeled 'Ripple (26)' and 'Ripple (27)' reach finality at the end of March 31. These accounts are identified as being under Ripple's control. The unlock process is similar to previous months, with the company reserving a portion of the unlocked tokens for its monthly sales and expenses, while re-locking the remaining tokens into new escrows for future years.
Ripple's escrow system has been in place since 2017, and the company continues to unlock 1 billion XRP on the first day of every month. This system was implemented in response to community concerns about transparency and the impact on price. While Ripple does not disclose its sales, the community can monitor the monthly unlocks and the dozens of liquid accounts under the company's control.
Ask Aime: What impact will the upcoming XRP unlock have on the cryptocurrency market?
Ripple's escrow system has been in place since 2017, and the company continues to unlock 1 billion XRP on the first day of every month. This system was implemented in response to community concerns about transparency and the impact on price. While Ripple does not disclose its sales, the community can monitor the monthly unlocks and the dozens of liquid accounts under the company's control.
Ask Aime: What impact will the upcoming XRP unlock have on the cryptocurrency market?
Ripple's escrow system has been in place since 2017, and the company continues to unlock 1 billion XRP on the first day of every month. This system was implemented in response to community concerns about transparency and the impact on price. While Ripple does not disclose its sales, the community can monitor the monthly unlocks and the dozens of liquid accounts under the company's control.
Ask Aime: What impact will the upcoming XRP unlock have on the cryptocurrency market?
